Earn conference call whassup down re the us economy
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EARN Conference Call: Whassup/down re the US Economy?. Jared Bernstein [email protected] John Irons [email protected] Legacy: That Which Is Handed Down To Us From Those Who Preceded Us . It ain’t pretty…. Recession likely underway, but what matters much more is absence of growth.

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It ain’t pretty… Preceded Us

  • Recession likely underway, but what matters much more is absence of growth.

  • GDP, jobs, unemployment (it’s low, but…)

  • Wages lagging inflation

  • Many families uniquely un-insulated re downturn (debt, safety net)


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Source: BLS, ECEC Preceded Us




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Forecast Preceded Us


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All Preceded Us

Hispanic

African-Am


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Source: Congressional Budget Office, Changes in the Economic Resources of Low Income Households with Children (2007)


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Source: U.S. Census Resources of Low Income Households with Children (2007)


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