Recession Factoids - March, 2009

CNN had some interesting facts from the recession which they summarized in Recession Snapshots: Facts, attitudes, analysis, Here are a few that I thought were interesting:

Number of unemployed in February, 2009: 12.5 million, 8.1%

Parents not confident the can pay for child's education: 40%

Mortgage holders owing more than their house is worth: 20%

Average credit card balance: $5,729

People polled who were cutting back on necessities: 32%

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This is not financial advice. Please consult a professional advisor.

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