Posted on 11/19/2019 7:10:36 PM PST by GuavaCheesePuff
Many Americans remain in precarious financial shape even as the economy continues to grow, with 7 of 10 saying they struggling with at least one aspect of financial stability, such as paying bills or saving money.
The findings come from a survey of more than 5,400 Americans from the Financial Health Network, a nonprofit financial services consultancy. The project, which started a year ago, is aimed at assessing people's financial health by asking about debt, savings, bills and wages, among other issues.
Despite solid U.S. economic growth this year, the share of Americans who are struggling financially remains statistically unchanged from a year ago, said Rob Levy, vice president of research and measurement with Financial Health Network.
(Excerpt) Read more at msn.com ...
Dopey leftists want to turn America into Norte Venezuela.
Everyone was on vacation.
so it begins.. the effort by the media and soon the entire democrat party to take down the economy. They did this in 1991/2 and in 2005/6.
It’s the only way they can win and once impeachment fails, which it will, this will be their next effort.
It’s awful, I can hardly find a parking place at the strip mall all those poor people buying stuff and standing in line at the checkout. Just an awful economy.
Americans have been using debt to finance a 1980s standard of living for decades now, trying to counter the decline in our standard of living wrought by globalization. Until you see more Americans having families, buying homes, and retiring at 65, there is no reason to doubt they are struggling financially. While the new jobs created by Trump may be better than the McJobs under his predecessor, they aren’t good enough to restore most workers’ confidence in long-term stability.
Ignoring this issue would be disastrous for those who oppose socialist Democrats; they easily convince voters that they’ve been given a raw deal. As long as we traffick foreigners here to fill middle class jobs, many Americans have dim hopes for the future.
Strip malls are for dollar stores; they aren’t a good indication of a sound economy. They simply let people buy a bunch of cheap Chinese “stuff” while spending less than $20, but in a few weeks they have to come back and buy replacements for the broken crap.
Some car loans go out 7 years now, our birthrate is still negative, and many young people are avoiding buying homes; from a purely “shopping” standpoint, we’re importing Third Worlders as CONSUMERS instead of WORKERS. Trump has improved it a bit, but the economy is still awful - and I don’t believe any one person can significantly improve that.
I live in what was, during Obama’s presidency, a poor rural county. I bought five acres in a formerly remote wooded area. All day, six days a week, I hear earth moving equipment as new subdivisions go up in all directions. Virtually every business in Crawfordville has a help wanted sign. There are “driver’s wanted” signs on most large trucks. A friend’s sixteen year old, with zero experience, landed a ten dollar per hour job helping a handyman. (He is home schooled and doing well.) Last week he did 47 hours.
My community was always the last one to experience prosperity. If it still is, then the nation must be doing wonderfully well.
Nice try, Puff. Now get outta here with your BS.
Thanks for the exposure of this lying sack of sheat.
Well, they will be a lot worse off if they don’t reelect Trump; that is for certain.
Only in America do we have fat poor people with cell phones and big-screen color TV's.
Americans are struggling financially because their perceived economic level is illusory. For many, having shunned educational opportunity, basic laziness is holding them back. Whining about the rich, about income inequality, is easier than learning and working.
True. My 35 yr old has been at the same job working his way up, smashed his hand, shook it off and didn’t report it. Now that the hand needs medical attention he has to cover the cost his with his ins won’t, as he didn’t turn it in to Workman’s Comp. His wife works PT starts + Nursing school this semester, they have a 2 yr old. They live with her dad to survive. Now if the wife potty trained the 2 yr old that would be 1 less expense, and she is ready for it if you took the time to do it. Stop eating out so much because you are to lazy or tired to cook.
I worked and did it all regardless how tired I was.
Eldest can’t manage money, and it is not from lack of training, he’s been a manager of a few companies over 30 yrs and always left them making more than when he started, and I taught him to be a tight wad. I’m a Scot what do you want, it’s our nature to be tight fisted with money.
Make dumb decisions you don’t prosper.
“mericans have been using debt to finance a 1980s standard of living”
This goes way before the 1980’s. Don’t believe the liberal anti-Reagan nonsense that the 1980’s was the decade of greed. This started right after WWII in 1945 under Truman the democrat.
says Rob Levy, Financial Health Network, who said the same thing a year ago.
Tweet: Financial Health Network
Only 28% of people in America are financially healthy. Today, with support from the @OmidyarNetwork, the @MetLife Foundation, and @AARP, we launch results from the inaugural U.S. Financial Health Pulse. Learn about the state of #FinHealth in America.
1 November 2018
https://twitter.com/finhealthnet/status/1057980583152926721
I disagree; the 1950s were a great time for Americans because much of the developed world had to rebuild after WWII while our manufacturing infrastructure was intact (so we could sell to just about anybody). On top of that, millions of returning servicemen could get higher education through the GI Bill, so they could move beyond farm and factory work into white-collar jobs. As the rest of the developed world got on its feet and competition increased globally, that anomaly was adjusting itself - and we didn’t want to hear that.
In 1947, 1948, 1951, 1956, and 1957 saw annual surpluses. All other years saw deficits. Debt has always been the norm as politicians promise money from the treasury for votes. Both Republicans and Democraps do it equally.
I agree both do it, but it has grown so much worse in recent decades - and at a local level, it is Dems buying gubmint workers’ votes that are writing the biggest checks with their mouths.
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