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?
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.
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?
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.
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
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.
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."
“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?
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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[BRIEFING.COM] Equity indices continue drifting near their best levels of the day, but the energy sector (-0.4%) has recently tumbled to a fresh low amid a decline in the price of crude. The energy component is now lower by 1.2% at $93.32/bbl after trading little changed at the start of the session.
Outside of energy, the utilities sector (-0.7%) is the only other decliner. Elsewhere among countercyclical groups, the consumer staples sector underperforms, but has been able to stay out ... More
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