From the Atlantic
Here's a short story with big implications. In May 2008, six months after the Great Recession set in, a typical family earning less than $90,000 a year spent $105 daily. One year later, in May 2009, they spent $59 a day.
Then in May 2010, they spent $59 a day. In May 2011, they also spent $59 a day.
Why is employment stuck above 9 percent? I just told you.