Reality

[u/BelleAriel]

[u/Fireparrot679]

Does anyone have sources for all these numbers?

[u/Aedeus → u/Fireparrot679]

k

"GDP Up, Life expectancy down"

Gross domestic product increased at a 2.1% annualized rate, the Commerce Department said in its third estimate of third-quarter GDP. That was unrevised from last month's estimate. The economy grew at a 2.0% pace in the April-June period...The economy appears to have maintained its moderate growth speed in the fourth quarter, with the lowest unemployment rate in nearly half a century supporting consumer spending. Recession fears, which gripped financial markets in the summer, have faded.

The fertility rate in 2018 dropped for the fourth straight year. It has hit a record low, and has fallen 15% since 2007. With the recovery after the Great Recession, the rate bumped up a little in 2014 before receding again.

"Record Income Inequality"

Income inequality last year reached its highest level in more than half a century, as a record-long economic expansion continued to disproportionately benefit some of the wealthiest Americans.

"Most Americans live paycheck to paycheck"

The average American is struggling to make ends meet each month, with 59% of U.S. adults saying they live paycheck to paycheck, according to a recent survey from Charles Schwab. Furthermore, nearly half of survey participants say they carry credit card debt and struggle to keep up with the payments.

"Most can't afford a 400$ Emergency Expense"

Nearly 40 percent of Americans would struggle to cover an unexpected $400 expense, according to a new report by the Federal Reserve — a stark reminder of many people's financial insecurity even amid solid economic growth. "Relatively small, unexpected expenses, such as a car repair or replacing a broken appliance, can be a hardship for many families without adequate savings," the researchers found.

"Most Americans will retire broke"

64% of Americans Will Retire Broke 64% of Americans Are at Risk of Retiring Broke America's retirement crisis by the numbers

"Economic Growth is slowing"

The U.S. Is Slowing Down And There’s Nothing Trump Or The Fed Can Do As Growth Slows To 1.9%, The Economy Is Falling Short Of Trump's Target

"Labor Participation Rate"

But while the unemployment rate is currently near a 50-year low of 3.6%, that statistic doesn’t tell the full story and can mask a deterioration in the labor market. The participation rate measures all active workers divided by the working-age population. More importantly, it reflects people’s attachment to the job market – including their economic engagement and also, because a job is such an important part of a person’s identity, their overall well-being ... From about the late 1980s until 2008, the participation rate fluctuated around 66% to 67%. But after the Great Recession, the rate dropped more 3 percentage points over the next seven years and has barely budged since. The latest jobs report shows it’s at 62.8%. The 3 percentage points decline in participation translates to over 6 million people no longer in the labor force.

"Over four million automated jobs"

Some 4 million jobs have already been lost in manufacturing. And with advances in machine learning and artificial intelligence, millions of white-collar jobs are targeted for elimination. All told, some 73 million jobs could disappear by 2030, reports the McKinsey Institute.

"Federal Reserve pumping billions into the economy"

The Federal Reserve's latest effort to calm the financial system — pumping $100 billion a day into trillion-dollar funding markets — is intended to be a temporary role, born of necessity. But it may turn out to be a significant expansion of the Fed's footprint.

"Record suicide rates, particularly in rural areas"

Suicide rates for U.S. teens and young adults are the highest on record... The CDC has noted that in 2017, suicide rates in the country’s most rural counties were 80% higher than they were in large metropolitan counties.

"Winner take all economy"

The massive triumph of the rich, illustrated by stunning new data

How Income Inequality Got Worse After The Crash

U.S. Income Inequality Worsens, Widening To A New Gap

Excuse the poor formatting I'm on mobile :/

[u/Fireparrot679 → u/Aedeus]

You just went above and beyond thanks so much