Thursday, November 21, 2013

US families affected by unemployment up by 33 percent: World Socialist Web Site

http://www.wsws.org/en/articles/2013/08/29/cens-a29.html

This article discusses how the number of families across the United States with at least one unemployed parent has been increasing for the last eight years. Statistics show that this number has increased by 33% on average. However, there were some states that had an increase of as much as 148%. What is causing some states to have such huge increases in unemployment?

Perhaps the reason behind such a trend lies within an uncommon idea, such as the ideas and trends of economic patterns discovered and described in Freakonomics. It would be hard to provide the answers to such complex problems with such minimal knowledge of economics. Other trends described in this article also include young adult children living with their parents for longer periods of time and the fact that many young adults are unable to find stable jobs. The second trend aforementioned most likely has a direct correlation to the preceding trend. If young adults are unable to find and keep stable jobs and have a steady income, they will not be able to afford their own houses and therefore, will continue to live with their parents for longer. If the unemployment problems continue to rise, we might even begin to see adults living with their parents for even longer amounts of time, eventually to the point where the parents, and their children are all trying to survive off of the parents' social security and savings. This would be an extreme case, but is it plausible to believe that if unemployment doesn't improve soon, something like that could begin happening?




1 comment:

  1. In theory it could, however I think that things would have to change before it got that bad. Eventually the birth rate would decline as people would wait longer to get married and the population would decrease and that would also help with unemployment being a problem.

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