To see just how grotesquely out of whack the economy has become under the crony policies of Obama and the Federal Reserve, lets revisit what I like to call the Serfdom Chart. If the above chart looks like the inverse of the S&P 500 index to you, this is no illusion. If this trend continues, someone like Donald Trump will be the least of our concerns. It appears companies are coming to the realization that their employees are so broke theyre resorting to payday lenders just to survive. Rather than boost wages, many are resorting to offering loans. Pam Dimitro,the controller at JNET Communications LLC, realized employees were often turning to payday lenders or high-interest credit cards in a financial pinch. So the Warren, N.J., employer of call-center workers and cable installers began offering employees a new benefit: low-interest loans to help pay for things such as car repairs and health expenses. Worried about their financially strapped workforce, a handful of companies are stepping in to offer employees alternatives to payday loans and other expensive financial products. While few other employers go that far, managers know that financial worries are taking a toll on U.S. workers. A recent PwC survey of 1,600 full-time employed adults found that 40% find it difficult to meet monthly household expenses and 51% consistently carry balances on their credit cards.
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