Posted on 08/08/2014 7:49:29 AM PDT by SeekAndFind
The report, released for the first time on Thursday, found 34% of households said they were “somewhat worse” or “much worse” financially in 2013 compared to 2008. Only 30% reported being better off to some degree.
Considering that respondents were asked to compare their incomes to 2008, during the depths of the recession, “the fact that over two-thirds of respondents reported being the same or worse off financially highlights the uneven nature of the recovery,” the Fed report said.
That data comes from the Fed’s Survey of Household Economics and Decision Making. The survey was conducted for the first time last year as part of the central bank’s effort to monitor America’s recovery from the recession and identify any risks to households’ financial stability. The new report offers a view of how households assess their own situations that is not found in other U.S. data sources.
Despite relatively few Americans feeling their finances are improving, most appear to be faring relatively well. The survey found 23% reported “living comfortably” and 37% said they were “doing OK.” Less than 40% said they were “just getting by” or otherwise struggling.
(Excerpt) Read more at americanthinker.com ...
After five+ years of recession, those better off are the exception.
I make more money, but it costs more to live and more in taxes, so I have actually lost instead of gaining.
The “recession” ended years ago. It became, and still is, a depression, in spite of the phony numbers cooked up for public consumption. The real numbers (labor force participation, capital escaping from these shores, business “inversions” which transfer company headquarters overseas to avoid US taxes, cumbersome and onerous regulation of sometimes the most minute of transactions) are out there, but so covered up or camouflaged as to made logical interpretation difficult at best.
Hey!
They didn’t ask Me, but here is my two cents worth.
My rent has gone has gone up 100 bucks.
My utilities bill has doubled.
My cable bill has doubled.
My phone bill has doubled.
My food expenditures have doubled.
I’m on a fixed income.
“Recovery for Wall $treet but not Main Street”
A phrase rarely heard in the media....
Another Recovery Summer will do the rest of us in.
ALTERNATE HEADLINE:
2/3 of Americans are not paying attention
We’re gonna elect someone like the Fake White Indian on a promise to punish Wall Street. I can feel it in my bones.
I’m at a complete standstill.
Company has recently axed almost 30 people out of the blue, and everyone is now worried.
This should have been an easy 8 years of steady growth if these damn socialists didn’t have their hands all over everything.
Weinerville???
Glad I’m not alone in that respect. On paper, I am making the most I ever have but day to day living eats me alive.
The ax is coming here early next year. The brunt will be on the hourly people. Salaried types will get cut as well.
You ain’t kidding. Every time I turn somebody’s hand in is my wallet. I make 45% more than I did 3 years ago and gain no headway.
I am starting to at a snail’s pace. Some medical bills hit hard. Here and there I am buying equipment for a side venture. I am preparing as best I can.
Agreed: I make significantly more than I did in 2007. So why don’t I have disposable income anymore ??
I actually think the Clintons are gonna use this approach:
You poor b@stards realize there’s gonna be a Dem POTUS in 2017, right?
So vote for Hillary in the Dem primary because she won’t be quite as bad as Lizzie.
Is this Summer of Recovery 4 or 5 ?
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