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EARN Conference Call: Whassup/down re the US Economy?

EARN Conference Call: Whassup/down re the US Economy?. Jared Bernstein jbernstein@epi.org John Irons jirons@epi.org. Legacy: That Which Is Handed Down To Us From Those Who Preceded Us . It ain’t pretty…. Recession likely underway, but what matters much more is absence of growth.

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EARN Conference Call: Whassup/down re the US Economy?

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  1. EARN Conference Call: Whassup/down re the US Economy? Jared Bernstein jbernstein@epi.org John Irons jirons@epi.org

  2. Legacy: That Which Is Handed Down To Us From Those Who Preceded Us

  3. It ain’t pretty… • Recession likely underway, but what matters much more is absence of growth. • GDP, jobs, unemployment (it’s low, but…) • Wages lagging inflation • Many families uniquely un-insulated re downturn (debt, safety net)

  4. Source: BLS, ECEC

  5. Source: Author’s analysis of BLS data.

  6. Source: Piketty & Saez (2007), preliminary

  7. Forecast

  8. All Hispanic African-Am

  9. Source: Congressional Budget Office, Changes in the Economic Resources of Low Income Households with Children (2007)

  10. Source: U.S. Census

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