Recession Briefing 5.11

What you need to know today to survive and thrive in the recession.

The recession’s lasting impact may be that Americans put more of their income into savings. “In the last year, the savings rate — the percentage of after-tax income that people do not spend — has risen to above 4 percent, from virtually zero.” (New York Times)

Is this the worst year to graduate college ever? “Ivy League grads with heaps of student loans are fighting over jeans-folding gigs at Forever 21,” reports Zac Bissonnette. (The Daily Beast)

Men increasingly suffer from recession-related depression, according to a new study. Almost 40% of men admit to feeling low at the moment with job security, work and money playing on their minds. (BBC News) This is also called recessed.