Since that time, they’ve pointed to low inflation levels and low unemployment, saying, “See? Everything is good.” But if you’re like the average American, you can feel that things aren’t good. They’ve been teetering on the brink for a long time.
Sure unemployment is low, but the workforce participation is also at an all-time low, which means record numbers of people have given up on ever finding work.
And official inflation numbers may be low, but those numbers are doctored and don’t include important everyday things like the cost of food or energy.
Some numbers are harder to explain away.
Since the 2008 economic crisis, the number of new businesses being started has fallen off a cliff. This number is important because most new jobs come from small businesses, especially new small businesses.
Without these new businesses, the number of jobs available is not going to reach the point where it starts enticing people back into the workforce.
That’s not a good thing.
Even though the number of new businesses is dropping, starting your own business and creating your own job is still one of the best paths to financial security. If you haven’t looked into starting your own businesses and developing a revenue stream that’s insulated from changing government policies and capricious job markets, now is the time to get started!