The World In Depression: Living With Crisis (Many articles concerning many countries have been placed below) Class Against Class “With todays revision to fourth-quarter (US) GDP statistics… comes our first look at corporate profits for the period. After-tax corporate profits, according to the National Income and Product Accounts calculation, rose 8% last year to reach a new all-time high of $1.74 trillion… After-tax corporate profits as a % of GDP are now at their highest level ever.” (1) “ … 24% of workers in the U.S. economy are not at all confident about having enough money to retire comfortably. Only 18% believe they can retire comfortably, but almost all who said this are from households who earn a relatively higher income. 58% of the workers and 44% of the retirees in the U.S. economy say they are having problems with the amount of debt they hold. 36% of the workers say they have less than $1,000 in savings. This number has gone up significantly from 28% in 2013. The rising cost of living and day-to-day expenses are getting in the way of retirement. 53% of the workers are citing these expenses as the biggest reason they are not saving for retirement.” (2)
Posted on: Sun, 30 Mar 2014 12:41:38 +0000
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