12 Frightening Facts about America’s Economy

Although the U.S. economy has seen progress in several areas since the downturn of 2008, many troubling signs persist. Unemployment and homelessness remain serious problems as factories continue to move overseas, wages stagnate, and personal debt rises. Meanwhile, severe weather has had a major impact on agricultural production.

deficit cartoon

Source: globecartoon

Bloomberg reported that the U.S. trade deficit for 2013 was almost $472 billion. The deficit increased by 12 percent in December 2013 and almost 8 percent during September 2014.