PREPPING FOR THE WORSE - New York Post

Well this is cheery:

PREPPING FOR THE WORSE - New York Post:

"'The real problem is that long-term unemployment is going up dramatically,' said Franklin Allen, finance professor at the Wharton School. 'Unfortunately, many people ...may never get jobs again,' he wrote in a paper published this week.

Allen, alluding to federal statistics that show 27 percent of the 12.5 million unemployed workers in the country have been without a job for more than six months, said the Great Recession will serve as a 'watershed event' for the country."