Income hasn’t risen to gas/food prices in five years.
This is the strangest recovery in history. Jobs aren’t coming back, income isn’t rebounding, spending isn’t rising, but Obama is still in office, so we call this a recovery.
The idiots on Wall St. come on the TV business shows and urge the “retail investor” to return to the stock market because it’s been rising on the tide of Bernanke’s funny money.
They have no clue that households headed by those 35 and under have lost 15% of their rate of income since ‘08 and have nothing left over to invest. Older people have received near zero returns on their savings, so they are barely able to pay for necessities. Where do they think the rocketing food stamp numbers come from?
True disaster will hit next year, when ObamaCare rapes struggling victims of his disastrous economy. Anyone who has money in the market by the third quarter of this year should sell, sell, sell or they deserve to lose big time.
Headline should read-consumers have no money left to spend after insurance premiums and dr bills
You ain’t seen nothin’ yet. Wait ‘til folks start adjusting their spending to compensate for ObamaCare bills coming due.
Odd. The same persons who will cut back on their spending when money is down will re-elect Democrats who continue to spend at rising levels no matter what transpires.
The flat-lined “recovery.”