20% Americans Hit By Major Economic Loss
A recent research stated on Wednesday that there was 20% Americans suffered economic loss last year, which means it’s the highest level in 25 years. Economic Security Index sees the interaction of three variables that is affect. It is income loss, medical expenses, and debt. The Index, which tracks data since 1985, showed that economic insecurity has increased in all groups, not only for families with smaller incomes and low education.
Economic Security Index defines a person as economically insecure when they meet the two criteria. First, in a year period, they have lost 24% or more of available gross income. Available gross income is the money left after paying the medical costs and debt. Second, they do not have enough funds or supplies that could change things. Hacker also notes that it’s usually need six to eight months to restore their available income.
Tags: Major Economic Loss
IMF To Urge Middle East to Strengthen Its Monetary
The International Monetary Fund (IMF) asked Middle East and Central Asia (MECA) to repair their financial system in order to strengthen global financial system. By calling MECA’s regulators and supervisory authorities, IMF had...
US Airlines Traffic Increases 0.2% since April Twenty Thousand and Nine
The U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported in a release of preliminary data that U.S. airlines carry 59.6 million passengers domestically and internationally in April 2010. This means that...
Dollar Keep Weakening to Yen
According to analysts, the dollar continued to fall on Friday (16/07/2010). The currency touched its lowest level against the yen this year. The euro rose to 1.2975 dollars in morning trade in London....Leave a Reply
