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EARN Conference Call: Whassup/down re the US Economy?. Jared Bernstein jbernstein@epi.org John Irons jirons@epi.org. 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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earn conference call whassup down re the us economy

EARN Conference Call: Whassup/down re the US Economy?

Jared Bernstein

jbernstein@epi.org

John Irons

jirons@epi.org

it ain t pretty
It ain’t pretty…
  • 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)
slide14

All

Hispanic

African-Am

slide17

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