There are two things you should take care of before opening a Roth IRA: 1  Tuck away at least $1,000 in a savings account for emergencies. 2  Pay off your credit card debt. At the very least, make a significant dent in your debt and have a plan for its elimination.
David O. Whitten, Auburn University. The Depression of 1893 was one of the worst in American history with the unemployment rate exceeding ten percent for half a decade.
Unemployment is an important cause and effect of poverty, as poverty rates nearly triple among families unemployed 6 months or more, rising from 12.0 to 35.3 percent. And poverty imposes huge costs on society through lost productivity and higher spending on health care and incarceration.