Economic Report: One In Four Young U.S. Workers Don’t Earn Enough To Pay Bills

[Omaha Steve]

http://www.laborradio.org/node/11866

Economic Report:

A new survey says one in four U.S. workers doesn’t earn enough to cover bills. The survey was released by the AFL-CIO and found that 24 percent of workers between 18 and 34 don’t earn enough to pay monthly bills. The more than doubles the 10 percent of young workers who had the same problem in 1999. Only 55 percent are confident about achieving financial goals. 10 years ago 77 percent had confidence.

[mrbarber]

1. hi everyone.

I am one of those workers.

28 here. Been working for the same company for over 5 years and still only making a little over $10 an hour.

[cascadiance]

2. Does this include the unemployed?

Perhaps adding that group in makes the numbers even higher...

[notesdev]

3. "Debt Peonage"

The way the system is rigged, very little of what surplus they do produce will stay in their pockets to be spent or saved. It all goes to the banks to pay interest on debts.

This is called "debt peonage", it is a form of slavery/indentured servitude, and it is the life this country has to offer in lieu of the former "American Dream".