The New Poor Middle Class

According to a recent news report by USA Today, Americans are facing a poverty rate of 15% or 46 million Americans, the highest since 1993. And many of these people are former middle-class. The most recent economic downturn, nicknamed "The Great Recession", lasted almost 2 years (December 2007 - June 2009) but has had a lasting impact. A quarter of Americans living in America's suburbs fall below the poverty line and 28% of those identified as poor have not been able to find employment in the past year.

Although government officials say the economy is slowly turning around, many people are digging out of a whole caused by the "Great Recession".  If you are struggling to make ends meet because of joblessness, you are not alone.   Consult our firm today to find out your options.