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Research Shows Household Balance Sheets Only Halfway There

Posted by StockBuz on May 30, 2013 at 5:15pm

Under the category of "duh, no shit" comes a report from the St. Louis Fed office admitting what everyone already knew. Typical households have not recovered from the credit crisis. In fact, they're only halfway there. Of course showing the full truth doesn't sell newspapers (or ad space). The typical Joe who saw his job outsourced after 20 years with a company, 401k drained and whose kid (s) have moved back home because they can't afford to live on their own any long ALSO WHILE and working TWO wonderful $7.50 an hour jobs could've told the Fed that. Seriously, how much do they pay these guys? Read more-

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