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IPFS News Link • Economy - Economics USA

Vast Stretches Of America Have Now Descended Into A State Of Deep Economic Hopelessness

• http://theeconomiccollapseblog.com by Michael Snyd

The federal government gives us doctored numbers that show that the national unemployment rate is low, but in small towns all across the country it seems like almost everyone is either unemployed or working extremely low paying jobs.  Earlier this month, one such town was profiled by USA Today.  Even before the COVID pandemic came along, the little town of Ogdensburg, New York was deeply struggling, but now economic conditions have become extremely dire

Ogdensburg is tiny and desperately poor, so it experiences these national trends in concentrated form. The median house in this city of 10,000 people sells for $68,000, according to the U.S. Census. The average family earns $42,000 a year, and 2,300 residents live below the federal poverty line, giving Ogdensburg a poverty rate 75% higher than the rest of New York State.


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