10 reasons you feel poor as ever

American incomes have stagnated, yet we're spending more money than ever on necessities and small luxuries alike. Is it any wonder that we're feeling strapped?

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651Comments
Sep 12, 2013 4:42PM
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I feel poor because my income has gone down while my taxes and cost of living have gone up.
Sep 11, 2013 4:09PM
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This article is pretty dead on. The one thing they left off was the "need" to upgrade to the newest I phone and laptop every 6 months. But todays youth are short on common sense . As the article mentions keeping up with the rest. And they keep up by buy disposable items. Smart phones, lap tops, cars, clothes, etc. If people saved this money they wouldn't feel so insecure about their finances.  You can't fix stupid. There is way too much advertisement promoting it.
Sep 15, 2013 12:31PM
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Your reporter states inflation has been holding at a 2.5% rate for years - yet - food and energy are rapidly increasing in price - which she points out.  Majority of us really wish these type of stories focus more on the facts - the basic cost of living has exploded - and food & energy prices are one reason.

So what if the government says different - quit insulting our intelligence!  Kind of like the fake unemployment nunmbers, etc.  The Feds have rigged the numbers and the media dupes are complicit.

Sep 12, 2013 3:37PM
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I don't make a lot of money, but I live within my means, and I paid off all my debt, I don't feel poor at all.
Sep 12, 2013 3:15PM
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Man am I glad I never got a cell phone.  I've saved well over $10k over the last decade by doing without.
Sep 12, 2013 3:48PM
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I feel poor because I have lost income, I am burdened by lavish govt spending and govt oppression of small business, and prices of necessities have skyrocketed.

 

Isn't not having enough money to live in moderate comfort reason to feel poor?

Sep 12, 2013 3:45PM
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Subsidies, regulations, taxes. The three elements that drive up costs for the average American. We subsidize college, child care, health care, gasoline. We regulate wages, energy, insurance.  Finally we tax everything that isn't a non-profit. The one thing that works well, internet sales is now in danger of being taxed too. Politicians can't think of a thing they don't want their fingers in. 

And, that my friends is why you feel poor.
Sep 11, 2013 9:26AM
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I'm fine with the rich being rich.  People have the mistaken belief there is only a fixed $x amount of dollars to go around and the rich having more means the others have less.  It doesn't work that way at all.  Money is infinite and endless.  If you don't have enough, you can just get out there and do something to get ahold of more.

 

After you've gotten more, it's your lifestyle CHOICES that determine how far that money will go.  Will you get a better cable package or spend the money on a night school class in something useful that will enable you to earn even more money?  Will you treat yourself to more dinners out because you "deserve" it or will you set up food storage and buy a freezer so you have plenty of food on hand and can wait it out until another meat/food sale comes along?

 

The rich being rich has nothing to do with my finances--I control my pursestrings, I control my lifestyle choices, and I control what I'm willing to do to get more money.

Sep 14, 2013 5:35AM
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ben bernake from the federal reserve stole from the old and poor with his .25% interest

on short term rates and gave it to banks and wall street. Created quantitative easing

making money out of air and buying bonds and bank assets. Flooding the world with paper money. 

Banks are suppose to take that funny money and loan it to business and people to stimulate economy

He has created asset bubbles that are going to POP.  THe only ones who have benefited from this is wall st and corporations.  People who had access to funny money in the beginning.

Tired of morons who keep saying hard work is how to get wealthy. BS Its greed and corruption you are either in or OUT

Sep 14, 2013 11:01AM
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I am concerned for my children more so than for my wife and myself. We lived below our means and worked all the over time offered. We also enjoyed our camping vacations with the kids. Never did we feel deprived even with the many hours of work. I have a pension to look forward to and social security will be there for me I believe. Although my children will not have a pension and maybe no social security or very limited. They are going to college and hopefully will find decent paying jobs and take my advice and start saving as early as possible. It's just that not everyone has the capability or may not have some of the luck it will take to make it into the higher standard of living. They may be relegated to working till death. I hope that my diligence in saving will benefit my children if I have anything left over for some security for them. I plan on enjoying my retirement and spending some of my hard earned money but if I see my kids working hard and struggling I will try to help them. I just think it's going to be harder for them and do feel were moving into and already in a two class society. I taught them to work hard but it just may not be enough these days. It may even be worse for their children.
Sep 12, 2013 1:40PM
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We have lived the same lifestyle during economic ups and downs for 25 years.  When we were making a ton of money and seeing our house value skyrocket 10 years ago we didn't take out a new mortgage, buy a new car, or up our spending at all.  Now that things are awful we're glad we saved because now is a better time to buy a new car and we did, despite losing 2/3 of our home's value and 45% of our income.
Sep 12, 2013 4:24PM
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I bought bacon the other day because it was 4.99/lb, the regular price is 7.99 and it's the store's less expensive brand. The kicker was when I had to pay 4.09 for a gallon of store brand bleach. Why has bleach gone up so much anyway? Quite often I'll make my own bleach cleaner using bleach and some dish soap. This is really getting ridiculous.



Sep 13, 2013 10:26AM
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Taking accountability and responsibility for our own decisions and choices is proper, but so is holding others accountable for their decisions and actions. When the decisions and actions of some in the positions of power, influence and responsibility bring large scale human suffering, cultural decline and social injustice - those who choose to blame the recipients of that injustice for not doing a better job at "buffering" themselves or climbing hard enough to overcome the inequity, quite simply....have their head up their ****.
Sep 15, 2013 3:25PM
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I feel poor because I am poor.  Lost my job last fall and went on early Soc Sec.  Can no longer afford the house, so it's listed for sale.  Living in NJ is very expensive, so I'm leaving when the house is sold.  They keep coming up with new fees for this and this - as if the property taxes weren't enough to kill you.  If you buy a gift card here and it is not used within two years, the state of NJ gets the money, even if the gift card has not expired.  What will they think of next?  I'm outta here.  
Sep 14, 2013 10:43PM
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Almost two out of five people are in poverty. There was an intentionally staged threat of a financial collapse enable the theft of well over three trillion dollars of the peoples wealth which wound up in the hands of Foreign banking families. The overwhelming majority of representatives in this self-serving government conspired to shift the wealth and power of the many to the few. They were quite successful.

Those left in the decimated Middle Class are now financial slaves while fellow Americans in the Lower Class struggles to feed themselves and survive. We have been sold out thru 'Globalization' and 'Free Trade Agreements', yet many of the younger generations haven't a clue as to what is going on around them.

There is no other time in our History that requires the full unity and attention of the American people if their Society is ever to survive as planned by our Forefathers.
Sep 12, 2013 1:48PM
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The circulation of money does matter and is limited because the workforce is limited to geography.  Money may flow into an area but if it only goes to a small number and the money doesn't go the other members of their town's population, then everything stays static.  If Walmart chooses to pay only a dollar an hour and there is no other work available, then that 's what the workers get even though Walmart banks 17 billion in profit.  You see this in third world countries all the time.  A few "winners" and everyone else a "loser."

Sep 11, 2013 9:18AM
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#11- Because you keep posting articles on how rich the "rich" are....
Sep 12, 2013 4:46PM
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“The median wage […] slightly more than $500 per week  […] households, the median income rose to $52,100 in June”

Hmmm… I’m confused, NOT an uncommon state.  But which is it?  Median wage $500 per week, giving annual income of $26,000, or median annual income $52,100  giving $1,001 per week.  Or is this implying the average household has two incomes of $26,050 per year?

And I DO have a problem accepting the median wage as being $26,000 per year.  Got sources?

 

Lastly, hasn't this working stiff income stagnation been going on essentially since President Reagan's term, merely and slightly exagerated by the recent fiscal debacle?

Sep 12, 2013 4:01PM
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I don't see what the problem is, everyone is making a fortune buying a house right!!!??? At some point in time, the steadily rising cost of housing is not making fortunes, just COSTING fortunes! I agree with the article about the cell phone/internet monthly fees really taking a bit out of monthly budgets. Then add all the "savings" of an internet bundle, (TV/phone/internet), and it really adds up.

 

I need an expert please, how to I access the huge "savings" account the wife has built up "saving" us money buying everything "on sale"??  I can't seem to locate this bundle of "saved" money she is saving us every month buying nearly $300 worth of cell phone and bundled internet services, any takers?? We could really use this savings nest egg for retirement! 

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