Thursday, April 8, 2010

1.2 MILLION HOUSEHOLDS LOST TO RECESSION

Friends and families are doubling up, ‘overcrowding’ is up fivefold between 2005 and 2008. That number doesn’t include information from 2009, when job losses and foreclosures continued to rise. 
So it's likely that the full impact of the 8.4 million jobs lost and nearly three million homes foreclosed on since the recession began has taken an even bigger toll on the number of American households.
Source: MSNBC, By John W. Schoen with photo by John Makely

msnbc.comFull Story: http://www.msnbc.msn.com/id/36231884/ns/business-eye_on_the_economy

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