One out of Five Americans Have Sustained Losses in 2009

Significant economic losses were sustained last year by 20% of Americans which is the highest in the last 25 years, according to the index of Economic Security which examines three factors: loss of income, medical expenses and debt. The index, which monitors such data since 1985 indicates that economic insecurity has increased in all groups and not only among families of low and Americans are not very educated. The specific ratio characterizes a person as economically insecure when conditions meet two criteria: first when in a year they have lost 25% or more of gross disposable income and secondly when they do not have enough liquid stocks to catch up with.

At the same time applications for unemployment benefits in the U.S. rose much more than was expected during the last week, an indication that the labor market is difficult to recover. Nevertheless, analysts predict that spending on luxury goods by wealthy Americans will increase by 28 billion dollars in 2010.