Wednesday, September 23, 2009

FICA Withholdings tell you all you need to know

Credit repair Houston realizes there are no magic tricks or silver bullets to recover from bad credit. In the big picture, until wages get back in line with living expenses, specifically, median home price and median wage then the economy will not recover to the levels we have seen.

Below is a link to data that records FICA Wage withholding in Billions. The data is useful and better than getting platitudes from talking heads and politicians

2008 July 14,186 August 14,244
2009 July 13,714 August 13,569
http://www.fms.treas.gov/mts/mts0809.pdf etc.

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