The United States’ national unemployment rate, according to Bureau of Labor Statistics (BLS) figures, was 3.7% in August and 3.5% in September. When Obama was a lame duck in December 2016, it was 4.7% compared to 10% in October 2009 during the worst of the Great Recession. So Trump inherited an economy that was in recovery under Obama; he didn’t create an economic miracle single-handedly, contrary to what one often hears on Fox News. Further, unemployment figures don’t tell the whole story, and WalletHub’s survey underscores the fact that millions of Americans are still struggling.
According to WalletHub’s survey, released this week, “78 million Americans” say their finances are a “horror show” — that includes 34% of Millennials and 16% of Baby Boomers. Moreover, 85% of Americans, WalletHub reports, plan on spending less this Halloween compared to Halloween 2018.
View the complete October 25 article by Alex Henderson on the AlterNet website here.