As America’s unemployment problem only gets worse, researchers are revealing some disturbing responses and habits among those who can’t find work.
Bottom line: The out-of-work are losing hope.
If you are unemployed, do you see yourself in this week’s interview?
Professor Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University, shares some interesting and disturbing trends among the jobless, based on his study of 1,200 jobless participants.
The new study, Out of Work and Losing Hope: The Misery and Bleak Expectations of American Workers by Dr. Cliff Zukin, Dr. Carl Van Horn, and Charley Stone, was released just last week.
Two-thirds of respondents reported being depressed. More than half said they have borrowed money from friends or relatives. One quarter said they have skipped mortgage or rent payments.
Van Horn is afraid the situation will only get worse in the years ahead.
As Van Horn told CBS News recently, “This is not your ordinary dip in the business cycle.”
More Information
Read more about the study, Out of Work and Losing Hope: The Misery and Bleak Expectations of American Workers. Here’s the full report, press release and verbatim comments from survey participants
Today, the Occupy Wall Street movement came to my town: Austin, Texas.
In this special episode of Financial Survival Radio, we hear from a few randomly-selected protesters who explain why they’ve joined OWS and what they expect from the movement.
In this show, you’ll hear the protesters in their own words. What do they really want? What happens when hundreds of people show up, each with dozens of different agendas?
And more importantly, is this movement in grave danger of being co-opted by the very dark forces the protesters have come to oppose?
While I have had some suspicion and misgivings about OWS, today’s crowd in Austin left me feeling energized and hopeful. People are indeed starting to wake up.
Update to something I mentioned on the show: Apparently, I really suck at guessing crowd sizes. While I had figured a couple of hundred people were present at today’s protest, the local paper says it was more like 1,200.
RT Network and Press TV financial analyst Max Keiser is here to offer a preview of America’s financial future.
Based on events unfolding now, Keiser says the US economy will eventually revolve around prison labor and online gaming.
One of the biggest red flags, he says, is the emergence of online games like Zynga’s FarmVille, where people spend time and money to grow virtual vegetables, as I understand it.
Max also talks about the recent downturn in gold and silver prices. Is this a case of continued manipulation, or is something else at work here?
Keiser fully supports what he has called a “global insurrection against banker occupation (GIABO),” and talks about the chances of success for the current “Occupy Wall Street” movement in America.
And what, in Max’s opinion, is the biggest sucker’s investment out there in the US today, whether it be an investment of money or of your time and energy?
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Watch Max’s shows and read his blog at MaxKeiser.com
I have received instructions from my mother-in-law to find her a cash-flowing fourplex, pronto.
She would prefer that I find the property somewhere in her own town of Killeen, Texas, which is home to the Fort Hood Army Base.
We’re trying to find something that cash flows $1,000, which is possible, but also comes with several risks.
Here’s a link to the first property mentioned on the show: 1313 Quail Circle.
And here’s the second fourplex we found at 4305 Abigail.
You’ll hear why we were attracted to both of these listings, and you’ll also hear why we have scratched these two properties off our list.
Our search is just beginning. We’ll be sure to keep you posted on how it all turns out.
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Got any advice for us in our search for a 4plex? Send us an email or call our listener feedback line (see the upper-right column of this page for all the contact info).
As the US presidential campaign begins, we’ve noticed major TV and print media are repeating a huge lie, over and over again. The lie is this: That Congressman Ron Paul is not electable. Or that anyone else, for that matter, is unelectable besides three anointed candidates within the entire Republican party. Are you buying it? [...]
Pasha Roberts joins us this week to talk about his upcoming film, Silver Circle. It’s an animated action-adventure movie which will appear soon at film festivals across the country, and then hopefully onto a nationwide theatrical release. Pasha is the writer, producer and director for the film. In this interview, Pasha describes the film’s depiction [...]
When I first heard this interview with Rich Woman author Kim Kiyosaki on Jerry Robinson‘s Follow the Money Weekly show, I couldn’t wait to share it with my audience. Kim is the wife of Robert Kiyosaki, author of Rich Dad, Poor Dad and Unfair Advantage. In this discussion, Kim talks about how she got started [...]
Stick a fork in it – the US Dollar is a goner. Within the past couple of weeks, the US Government and Federal Reserve have all but confirmed that the Dollar will be hyperinflated into oblivion. I draw this conclusion after a series of news events and announcements that were made just recently. In this [...]
Have you seen the latest cover of Money magazine? One prominent You-Tuber says it’s loaded with subliminal messages about gold and silver. Of course, we are on the case. Plus, precious metals expert and monetary historian Larry LaBorde is back with his analysis of the precious metals market and all the latest news. Also on [...]
Catherine Austin Fitts In the second installment of our 2-part interview with investment advisor Catherine Austin Fitts, we hear her advice for both the young and young at heart in navigating today’s job market. Catherine remembers how she had to reinvent herself during a professional crisis of her own several years ago, and how job seekers [...]
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