Unemployment in America is still about at the same level as it was back at the beginning of 2012. The tough stretch that we are going through right now is only a very small taste of the economic nightmare that is on the horizon.
If you think that things are a "disaster" right now, just wait until you see what is coming.
At the moment, 53 percent of all Americans with a bachelor's degree under the age of 25 are either unemployed or underemployed, and there are more than 100 million working age Americans that do not currently have jobs.
But this is only just the beginning. During the next major economic downturn, the unemployment rate in the United States is going to soar well up into the double digits. Many Americans will look back on 2010, 2011 and 2012 as "the good old days".
Right now, there are only small pockets of the country that are total economic hellholes. For example, Yuma, Arizona has an unemployment rate of 26 percent, and El Centro, California has an unemployment rate of 26.2 percent. In the future, those kinds of numbers are going to become the norm all over the nation.
Sadly, most Americans have no idea what is coming. Read more >>
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