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One Third Of U.S. Households Can No Longer Afford Food, Rent




While the Fed has long been focusing on the revenue part of the household income statement (which unfortunately has not been rising nearly fast enough to stimulate benign inflation in the form of nominal wages rising at the Fed's preferred clip of 3.5% or higher), one largely ignored aspect of said balance sheet has been the expense side: after all, for any money to be left over and saved, income has to surpass expenses. However, according to a striking new Pew study

Read Full Story: http://www.zerohedge.com/news/2016-03-30/attention...

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