<?xml version="1.0" encoding="UTF-8" standalone="yes"?><oembed><version><![CDATA[1.0]]></version><provider_name><![CDATA[Malstrom's Articles News]]></provider_name><provider_url><![CDATA[https://seanmalstrom.wordpress.com]]></provider_url><author_name><![CDATA[seanmalstrom]]></author_name><author_url><![CDATA[https://seanmalstrom.wordpress.com/author/seanmalstrom/]]></author_url><title><![CDATA[Generation 8 of macro-economic&nbsp;hell]]></title><type><![CDATA[link]]></type><html><![CDATA[<p>This refers mostly to the United States. We know Japan and Europe aren&#8217;t doing too well either.</p>
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<p>A record 20.2 million American households spent more than half of their incomes on housing in 2010, according to <a href="http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/son2012.pdf" target="_hplink">a new study by the Joint Center for Housing Studies at Harvard University</a> released on Thursday. That is a 13 percent increase from 2007, and a 46 percent increase from 2001, according to the study. The report examined both renters and homeowners.</p>
<p><a href="http://www.huffingtonpost.com/2012/06/13/housing-costs-half-of-income_n_1587865.html">Source</a><br />
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<p>When Obama entered office in January 2009 there were <a href="http://www.fns.usda.gov/ora/MENU/Published/snap/FILES/Other/pai2009.pdf" target="_blank">31,939,110</a>Americans receiving food stamps.  As of November 2012—the most recent data available—there were <a href="http://www.fns.usda.gov/ora/MENU/Published/snap/FILES/Other/pai2009.pdf">47,692,896</a><a href="http://www.fns.usda.gov/ora/MENU/Published/snap/FILES/Other/pai2009.pdf"> </a>Americans enrolled, an increase of 49.3 percent.<br />
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<p>Since taking office in 2009, food stamp rolls under President Barack Obama have risen to more than 47 million people in America, exceeding the population of Spain.</p>
<p><a href="http://cnsnews.com/news/article/food-stamp-rolls-america-now-surpass-population-spain">Source</a></p>
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<p>For the first time in history, public schools reported more than one million homeless children and youth, according to data released today by the U.S. Department of Education.</p>
<p><a href="http://www.nlchp.org/view_release.cfm?PRID=148">Source</a></p>
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And, for the fourth consecutive year, the United States fell in the rankings — largely because of worsening criticism of the American government — and is now in seventh place.</p>
<p><a href="http://economix.blogs.nytimes.com/2012/09/06/a-look-behind-the-u-s-decline-in-global-competitiveness/">Source</a></p>
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<p>Today, less than 65 percent of men have a job in the United States.</p>
<p><img alt="Graph of Employment-Population Ratio - Men" src="http://research.stlouisfed.org/fred2/data/LNS12300001_Max_630_378.png" width="486" height="291" /></p>
<p><a href="http://research.stlouisfed.org/fred2/series/LNS12300001">Source</a><br />
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<p>More foreclosures and suicides occurring today than the Great Depression.</p>
<p><a href="http://www.zerohedge.com/contributed/2013-05-17/more-foreclosures-and-suicides-during-great-depression">Source</a></p>
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<p>Of those few people still working, 53% of Americans make $30,000 or less.</p>
<p><a href="http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2011">Source</a></p>
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<p>The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.</p>
<p><a href="http://www.zerohedge.com/news/2013-04-05/21-key-statistics-about-explosive-growth-poverty-america">Source</a></p>
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<p>Fifteen million U.S. children, or 1 in 3, live without a father, and nearly 5 million live without a mother. In 1960, just 11 percent of American children lived in homes without fathers.</p>
<p><a href="http://www.washingtontimes.com/news/2012/dec/25/fathers-disappear-from-households-across-america/print/">Source</a></p>
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<p>40 percent of all American unemployed workers have been out of work for at least half a year.</p>
<p><a href="http://www.washingtontimes.com/news/2012/dec/25/fathers-disappear-from-households-across-america/print/">Source</a></p>
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<p>US has one of the highest number of employees working in low wage jobs of high paying industrialized nations. 1 out of 4 Americans employed work in jobs that pay less than $10 per hour</p>
<p><a href="http://www.mybudget360.com/low-wage-america-middle-class-incomes-and-employment-fields-income-growth-average-incomes/">Source</a></p>
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<p>Where is the money and customers for the market to absorb Next Generation consoles?</p>
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