According to the most recent figures from the Bureau of Labor Statistics, there are 10.2 million Americans who are officially categorized as unemployed, with 3.6 million considered long-term unemployed. There are 7.3 million Americans working part-time involuntarily, sometimes considered underemployed. There are 837,000 “discouraged workers” — persons not currently looking for work because they believe no jobs are available for them.
Wages have been flat for a decade. Household debt has declined some since the Great Recession, but it’s still considerable, particularly a boom in student-loan debt:
U.S. household consumer debt profile:
Average credit card debt: $15,270
Average mortgage debt: $149,925
Average student loan debt: $32,258
In total, American consumers owe:
$11.36 trillion in debt, a decrease of one-tenth of one percent from last year
$856.9 billion in credit card debt
$7.93 trillion in mortgages
$1,049.0 billion in student loans, an increase of 11 percent from last year
You’re familiar with the condition of America’s health-care system, and how even basic measurements of progress are unavailable:
Nobody has a good, real-time fix on how successful the Affordable Care Act has been in reducing the ranks of the uninsured. The Obama administration hasn’t been able to say how many of the 3.3 million people who have signed up for private health insurance coverage, or of the 6.3 million who have been determined eligible for Medicaid, were actually uninsured before — and health care experts aren’t sure yet, either.
And of course, despite the highest level of tax revenue in American history, last year’s deficit was “only” $680 billion, and the national debt is $17.4 trillion and counting.
Ladies and gentlemen, the schedule of the president of the United States in the coming months:
Between now and the end of June, Pres Obama is scheduled to do 30 fundraisers: 18 for the DNC, 12 for the Dem House & Senate Committees.— Mark Knoller (@markknoller) February 28, 2014
I think this will be the theme music for all of these fundraisers: