America’s Economic Depression in 5 Charts

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by Seth Mason Ecominoes

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This is not what economic recovery looks like. This is, however, what an economic depression looks like: First, the American workforce is far smaller than it was before the 2008 economic collapse, even though the number of Americans of working age has increased by several millions:

America's Economic Depression In 5 Charts - Labor Force Participation Rate  Second, the people who are lucky enough to be gainfully employed are earning less: America's Economic Depression In 5 Charts - Real Household Income Third, with far fewer people employed, those who are employed earning less, and the long-term unemployed and underemployed depleting their savings, the number of Americans living in poverty continues to grow: America's Economic Depression In 5 Charts - US Households In Poverty Fourth, with the employed earning less, millions of unemployed and underemployed depleting their savings, and interest rates at record lows, Americans are saving less and less: America's Economic Depression In 5 Charts - US Personal Savings Rate Finally, the number of Americans dependent on the government for basic survival has grown by the tens of millions: America's Economic Depression In 5 Charts - Number Of Americans On Food Stamps Only 2 words adequately describe this 5 year period of eroding lifestyle in the United States: economic depression.

Reprinted with permission from Ecominoes.

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