The US working class have taken another round of austerity, with cuts in subsidized housing (HUD Section 8), early childhood education (HEADSTART), food subsidies (SNAP) and long-term unemployment benefits. The US Federal Reserve, however, continues to give tens of billions of dollars each month to the nation's largest banks, through its quantitative easing program.
Meanwhile, bubbles and budget shortfalls persist in healthcare, higher education, the military-industrial complex,and the financial system, including pensions and retirement programs. Working class people of all ages continue to adapt to this predatory economy by working harder and making financial sacrifices. The same cannot be said for those in power.