Suze Orman: We Are Approaching Depression Depending on Economic Status

As we look the numbers, we are talking about people and their circumstances. Unemployment stands at 14.7% and more job losses expected with major retailers filing for bankruptcy.

April Ryan speaks with financial guru Suze Orman, who says we are approaching an economic depression based on economic status, 40% of jobs will not return, and even if they do, incomes will contract.

Click ▶️ to listen to AURN Washington Bureau Chief April Ryan’s White House Report:

Suze Orman attends the Ms. Foundation for Women Gloria Awards at Cipriani 42nd Street on Thursday, May 1, 2014 in New York. (Photo by Scott Roth/Invision/AP)