Posted on 05/20/2013 7:16:12 AM PDT by SeekAndFind
American households are under stress again, according to the latest consumer distress index by CredAbility.
“Despite the growth in jobs and an improved housing market, our index shows that the average U.S. household has seen little improvement in the past year and took a step back in 2013’s first quarter,” according to Phil Baldwin, CEO of CredAbility.
Baldwin is referring to the rise in payroll taxes at the start of the year, which has forced people to save more. CredAbility adds that 49 million people are still on food stamps, and nearly 12 million are still unemployed.
American households on average scored 70.73% in the Q1 Consumer Distress Index, down from 71.77% in Q4. A reading below 70% indicates a state of financial distress.
The report measures financial distress in households in metro areas with a population of over 2 million, measuring employment, housing, credit, household budgets, and net worth.
A score below 70% indicates distress, according to CredAbility.
1) Sacramento--Arden-Arcade--Roseville, California
Total: 66.06%
Employment: 44.30%
Housing: 73.29%
Credit: 83.11%
Net worth: 64.51%
2) Allentown-Bethlehem-Easton, Pennsylvania
Total: 65.95%
Employment: 53.60%
Housing: 69.09%
Credit: 84.55%
Net worth: 59.82%
3) Greenville-Mauldin-Easley, South Carolina
Total: 65.90%
Employment: 65.54%
Housing: 67.03%
Credit: 84.91%
Net worth: 59.30%
4) Atlanta-Sandy Springs-Marietta, Georgia
Total: 65.78%
Employment: 53.75%
Housing: 61.43%
Credit: 83.49%
Net worth: 63.79%
5) Dayton, Ohio
Total: 65.68%
Employment: 55.30%
Housing: 69.40%
Credit: 81.71%
Net worth: 62.50%
6) Chicago-Joliet-Naperville, Illinois
Total: 65.41%
Employment: 48.16%
Housing: 58.01%
Credit: 87.34%
Net worth: 64.99%
7) Jacksonville, Florida
Total: 65.16%
Employment: 59.20%
Housing: 60.96%
Credit: 80.52%
Net worth: 62.46%
8) North Port-Bradenton-Sarasota, Florida
Total: 64.88%
Employment: 57.04%
Housing: 57.14%
Credit: 83.12%
Net worth: 63.62%
9) Greensboro-High Point, North Carolina
Total: 64.87%
Employment: 46.90%
Housing: 72.47%
Credit: 82.34%
Net worth: 61.77%
10) Memphis, Tennessee
(Excerpt) Read more at businessinsider.com ...
Now democrats can unleash their big government and socialism that takes away our rights and opportunities to make money
democrats’ goal is to take away all our rights and all our property (that is socialism) and to have all power as they own and ration everything ( bread lines , healthcare lines etc.) but conservatives will be moved to the back of the line. that is democrats’ dream
and ONE city where they are not....WASHINGTON, D.C.!!!!
My late father told me that even in the depths of the Great Depression a good salesman had money to feed and clothe his family.
People pretty much everywhere are struggling to get by.
Because all of the bad or mediocre salesmen had already starved to death, naked in the cold.
How did you know?
But wait! I keep hearing on local real estate ads that the “great recession” ended in 2009??!!” /s
My grandmother educated my niece about the “great” depression last Easter.
She was a child at the time but knows they didn’t lose their farm primarily because great granddad didn’t bury himself in debt. They bought what they needed and no more.
She also told my niece that if she can’t afford the newest cell phone with all the bells and whistles, my niece thinks its the end of the world. In grandma’s day, the whole family shared a radio for the two hours they all listened to it during the week.
Every Major city in Ohio from Cincy to Cleveland, to Dayton and Akron are on the list.
Everyone I know is struggling more than they’ve ever have to because of the crunch between inflated cost of living that has gone up across the board on everything and lowered wages and hours due to the Obamacare crap coming down the pipeline. I’ve never seen an economy worse than this in my entire lifetime.
The % of the population that have real jobs much is less than during the depression. now most are on food stamps,disability,ssi, or work for some government or non-profit. there weren’t 50 million people on food stamps during the depression. I don’t think there were any food stamps or welfare then. so the economy is much worse now.how many people work in real private sector jobs and not in government jobs as in the IRS and EPA where they don’t do anything except harass,intimidate and shut down businesses and political opposition?
Right you are. My Daddy couldn't get off the reservation fast enough to enlist after Pearl Harbor. The local Navy recruiting office told him to come back in Janaury 1942 because they were that far back-logged to process all the enlistees. Dad did, but his older brother couldn't wait-- he joined the Marines because they didn't have the backlog as long as the other branches . . . and they were more selective. Dad was smart but not as big as my uncle, who had both the smarts and the build.
The armed services were all so short on officers at the time that they both ended up going the OCS route . . . as enlisted men.
Wow. I read that during the Potato Famine in Ireland, they'd put an empty dish in the center of the dinner table and play a version of "Let's Pretend".
They'd say, "There's butter in the dish tonight" and then everyone would dip their potato in the "butter". Sounds like they had it better that your grandad.
Can anyone see this generation going through that? (Some guy on a white horse is patiently waiting.)
My Mom told me that when she was little, my Grandad would go squirrel hunting in the mornings to put breakfast on the table.
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