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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
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Bank of Englad reveals UK household incomes fall for fifth year

Bank of Englad reveals UK household incomes fall for fifth year | Countdown to Financial Armageddon | Scoop.it

Disposable incomes of UK households have fallen for the fifth year in a row, research by the Bank of England suggests. The Bank's survey found the amount the average household had to spend each month, after tax, bills and housing costs, fell by £46 over the year.

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No Wonder Recovery Feels Like Recession For Most Americans: They're Earning Less

No Wonder Recovery Feels Like Recession For Most Americans: They're Earning Less | Countdown to Financial Armageddon | Scoop.it

It's no surprise many Americans feel as if the economy never recovered at all. A new study found median annual incomes adjusted for inflation dropped 6.7 percent between June 2009 and June 2011, more than double the 3.2 percent drop experienced during the recession.

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