Incomes Flat, Unemployment Unchanged, Did Someone Say This Recession Was Over?

Treasury Secretary Tim Geitner and Federal Reserve Chairman Ben Bernanke have been saying that the numbers show that the recession is over and that the economy is on the upswing. Little comfort in Georgia, where according to a report in today’s Atlanta Journal-Constitution, unemployment seems to be pegged at 10.1 percent and incomes remained flat.

People are still struggling to pay their bills and keep their heads above water here in Atlanta. (Now that we have had some rain we can talk about being underwater again.)

Most experts will tell you that recovery in the numbers that show the economy is improving precede the recovery in incomes for most families by 6-9 months. That means that Georgia families will continue to struggle to pay their credit card bills and keep up on mortgage payments.

Clearing unsecured debt and getting a fresh start can take part of the burden off you and your family. Schedule a free consultation to see how filing bankruptcy can help.

Filed under: Economic News — Tags: , — Rob @ 2:21 pm



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