First World economies are two-thirds reliant on consumer spending. Consumers in the United States, as well as those throughout the world, are in big trouble. The official US unemployment rate is 9.1 percent but the "real rate" - the one calculated the way most other countries do theirs, which includes people whose unemployment benefits have lapsed - is closer to 20 percent, higher than those of Tunisia and Egypt
First World economies are two-thirds reliant on consumer spending. Consumers in the United States, as well as those throughout the world, are in big trouble. The official US unemployment rate is 9.1 percent but the "real rate" - the one calculated the way most other countries do theirs, which includes people whose unemployment benefits have lapsed - is closer to 20 percent, higher than those of Tunisia and Egypt
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