In the same duration, tuition fees in private universities have accentuated by a massive 60%. The US Census Bureau states that homes are out of reach for more & more people on 
account of expanding real estate prices and mortgage rates. According to the bureau, the median weekly earnings have fallen by 0.9% over the past five years and unemployment is at 4.7%. Nearly one in five of the unemployed have been out of work for more than 26 weeks (Not surprisingly, the Merrill Lynch Misery Index confirms the US to be in its worst position since 1995). As a net effect of all this, and the compulsive spenders that Americans are, the savings rate today stands as negative as it was 70 years back during the Great Depression.
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
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account of expanding real estate prices and mortgage rates. According to the bureau, the median weekly earnings have fallen by 0.9% over the past five years and unemployment is at 4.7%. Nearly one in five of the unemployed have been out of work for more than 26 weeks (Not surprisingly, the Merrill Lynch Misery Index confirms the US to be in its worst position since 1995). As a net effect of all this, and the compulsive spenders that Americans are, the savings rate today stands as negative as it was 70 years back during the Great Depression.For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !
