GA residents continue to suffer as unemployment rates stay high
In a recent blog post, we discussed the troubling unemployment rate in Georgia. Readers should be aware that this state’s jobless rate of 8.1 percent is the highest in the country, even though statistics suggest that the state is also experiencing job growth.
This has created a confusing dynamic for people all across the state; not everyone is experiencing the crushing reality of unemployment. But the fact remains: Residents across Georgia are struggling with joblessness more than anyone else, and this is contributing to a significant financial crisis for many people.
Even though certain areas of the state are seeing new businesses open and construction projects underway, it is not happening everywhere. In some areas, businesses are closing down or staying vacant.
This has only made a very difficult situation for residents in these areas even worse. Without job retention or creation, people are struggling or failing to make ends meet. Those who do have jobs are only earning a median household income of about $25,000. This is simply not enough for people to keep their heads above water, especially when unexpected expenses like medical bills arise.
While the statistics and numbers game continue to be an important political platform in the upcoming elections, the fact is that right now, families across Georgia are stretched beyond their means. People are buried in credit card debt, losing their homes in foreclosure and unable to pay their bills.
Rather than try to ignore the situation or wait for change to play out in the political environment, people can take control of their situation by reaching out for help. Debt relief solutions including bankruptcy can be quite effective and are available to people who seek them out. Discussing your individual circumstances and goals with an attorney can help people take steps toward a better financial future.
Source: Here and Now, “In Hot Political Season, Georgia Unemployment Inches Higher,” Peter O’Dowd, Oct. 8, 2014