07
Mar
stored in: Uncategorized
Record 31.8 million on food stamps!
The average food stamp benefit is $115 a month for individuals and $255 a month per household.
17th bank fails this year
The FDIC fully insures individual accounts up to $250,000 through the end of 2009.
The agency also projected the cost of failed banks to its fund could double from earlier projections to more than $80 billion by 2013.
FDIC might not have the funds to cover all the failing banks!
Unemployment hits 25-year high!!!!
Jobless rate hits 8.1% in February as a record-high 12.5 million people are unemployed.
The unemployment rate rose to 8.1% from 7.6% in January. It was the highest reading since December 1983 and higher than economists’ projections of 7.9%
