According to TreasuryDirect, which is run by the Feds, US Government debt outstanding is lower in August 2013 as compared to March 2013 even while continuing to borrow heavily to finance massive deficits. It is uncertain how long they can continue this creative accounting method.
Total US student loan debt exceeds total credit card debt and now exceeds 1 trillion dollars. Also, approximately 45% of those who have already graduated college are not making payments either due to default, deferment, some other form of forbearance or they are still in their grace period.
From January 1st through July 31st 2013 appropriately 77% of new jobs created in the United States were for part time work.
Alhaji Aliko Dangote, a Nigerian born in 1957, is Africa’s richest man with a net worth estimated to be over 20 billion dollars
According to the US Government, in 2013, the number of Americans receiving some form of government food assistance has surpassed the number of total full-time private sector workers.