The economic numbers are cheery, but don’t believe the hype - News Summed Up

The economic numbers are cheery, but don’t believe the hype


President Trump was so delighted by the May jobs report that he tipped off investors by tweeting while the information was still embargoed. The cheery numbers, however, should not blind us to the harsh reality facing most Americans. The United States is one of the richest nations in the world, yet many of its citizens live in misery. Consider: “About 40 million live in poverty, 18.5 million in extreme poverty, and 5.3 million live in Third World conditions of absolute poverty. Compared with their peers in other industrialized nations, Americans live shorter, more stressful, less healthy lives while working longer hours with fewer vacations.


Source: Washington Post June 05, 2018 12:00 UTC



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