Money is running out for the Unemployed Americans. Trish Regan of CNBC reports that 4.4 million Americans have been unemployed for 6 months. It was also reported that 600,000 Americans are coming to the end of their Unemployment Benefits by October 2009. How will they live from thereon?
A total of 7.2 million jobs have been lost since the start of this Economic Recession. Worst, this trend of increasing Unemployment is expected to persist way into 2010. Even the Excessive Government Spending has not had any positive effect in turning around the situation.
Moral of the Story - Get Out of Debt, save as much as you can to whether the Economic Tsunami that is still very much in play.
Best wishes,
Ooi
Video Clip Courtesy of MSNBC.Com entitled, "What Recovery?"
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