Tuesday Talk: Have household budgets recovered?
While key financial indicators continue signaling a slow, but steady economic recovery, national prosperity hasn’t translated into a more secure footing for many individual families. In Minnesota, the unemployment rate has eased back down to 5.2% from an 8.3% recession high but real median household income has declined over ten percent the last decade. Many of those new jobs are lower-playing with scaled back benefits, if any at all. The number of people who left the labor force is at a generational high.
Media stories generally blame the Great Recession for economic struggles, but widening economic inequity started long before October 2008’s market crash.
This morning between 8 and 9:30, Alex Christensen, a Minnesota 2020 Hindsight Community Fellow will join us to talk about the recovery’s reality.
How’s your family doing in today’s economy?
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Thanks for a great discussion this morning. We invite you to continue the discussion throughout the day. Alex will check back in this afternoon.