Posted on 03/08/2013 7:46:10 AM PST by DJ MacWoW
WASHINGTON (AP) - It took 5 1/2 years.
Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.
The recovered wealth - most of it from higher stock prices - has been flowing mainly to richer Americans. By contrast, middle class wealth is mostly in the form of home equity, which has risen much less.
(Excerpt) Read more at apnews.myway.com ...
What propaganda. They should be ashamed but they aren't. When you actually read it you see the middle class has gained nothing. However the title looks great. It lies but hey, anything for Obama!
It depends on how your assets are invested.
If you have the bulk of your money in stocks and bonds, you should be way ahead of 2008. I certainly am.
If you are relying on the value of your house and your savings account at the bank, then you are probably not doing very well.
Prove it.
The only reason the stock market is still alive is because of obomas monopoly money. We're headed for a crash so big, and is going to hit us so fast, the politicians are going to be standing around dumbfounded with their mouths hanging open. The "economy" we have is all a fake.
The bonds are going to crash - no slave labor to back them up. The commodities are going to crash. We're going to see commercials buying up silver the way we saw for gold. Housing is back on the same destructive path, because people who couldn't afford them before are buying them back up again. When all the others crash, food is going to skyrocket, and we'll be living in a calorie economy. People will be throwing their cankered gold and silver into the street.
The labor force SHRANK by 130,000. Worse...the labor participation rate dropped by another 1-10th of one percent to 63.5%. Which means of non-institutional persons, the workforce number keeps coming down to make the numbers wash.
Socialism does not work. An nation cannot survive when the majority of it's population does nothing but consume. It's the destroyer of nations, and a destroyer of souls.
And if you don’t own a house or having savings (lots of Americans), you are screwed. I don’t believe the middle-class has grown since Obama moved into the WH.
The article admits that the middle class is doing poorly but the rich are richer. It’s spin. It always is.
What assets?
my stocks recovered and resumed their historical upwards trend years ago.
Those like me that just held, have made out well.
“What assets?”
I can only afford the cheap Ramen noodles... no flavor pack.
All this economic BS and people still approve of nobama and his ilk. Go figure.
Oh yeah! Things are just a smokin' out there! (if you use your imagination).
(CNSNews.com.....296,000 Americans Drop Out of Labor Force in February; 89M Not Working) - The number of Americans not in the labor force increased by 296,000 in February, according to the Bureau of Labor Statistics’ latest jobs report.
Yeah. ;-) Smokin’!
So in other words $16,000,000,000,000 in wealth has been transferred from the middle and lower classes to the upper class.
Certainly looks that way. That’s what socialism does.
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