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For most families, wealth has vanished
Daily Ticker ^ | June 24, 2014 | Rick Newman

Posted on 06/26/2014 6:47:21 AM PDT by george76

If you’re a typical family, you’re considerably poorer than you used to be. No wonder the “recovery” feels like a recession.

...

The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Extended News; News/Current Events
KEYWORDS: economy; incomes; money; recession
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To: Tax-chick

I grew up in a large family, and have slightly smaller accomodations for a family half the size. Not luxurious by any means; my home was probably built at the same time as the home I grew up in. The most noticeable difference between growing up then and living here now is the much smaller number of children; they are importing kids to keep the schools full.


61 posted on 06/26/2014 12:38:50 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kearnyirish2

A newer house saves a lot in utility bills. I know more people with large families now than I did growing up, and not just immigrants. In our subdivision, we and a Ukrainian Evangelical family both have ten children. We have a 2,400 sq.ft. house, and they bought two smaller houses side-by-side for the parents, children, and grandparents.

One of my friends from Mexico is one of 14 children, but only 4 are still alive, and she’s only in her 50s. She has only 2 American-born grandchildren.


62 posted on 06/26/2014 12:44:17 PM PDT by Tax-chick (Told 'em not to science those burgers too hard. ~ Darksheare)
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To: Tax-chick

“A newer house saves a lot in utility bills.”

No doubt; in my area (northeastern NJ, about a dozen miles west of Manhattan) there aren’t many new constructions (due to space limitations - the area was settled in the mid-17th century). Those that do go up are very expensive to buy, with very high taxes to boot.


63 posted on 06/26/2014 12:46:43 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kearnyirish2

I’ve lived in the South and West most of my life. The oldness of the Northeast blows my mind. My cousin lives in Haddonfield, near Philadelphia, in a mid-1800s house at an astounding cost.


64 posted on 06/26/2014 12:49:11 PM PDT by Tax-chick (Told 'em not to science those burgers too hard. ~ Darksheare)
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To: Tax-chick

As North American settlements go it is old here; I always wondered if that Haddonfield was the one in “Halloween” (mostly because people have told me Halloween isn’t celebrated with the same gusto in other parts of the country as it is here - I assume due to the large numbers of Celtic settlers).


65 posted on 06/26/2014 1:03:44 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kearnyirish2

Don’t know, I only visited her there a couple of times. The idea of an old house always appealed to me, until I think about the cost of upkeep, even in a low-cost place like here. There was a 4,500 sq. ft. late Victorian for sale in Monroe (the county seat) for $250,000 ... but you’d spend almost that much a year to cool it and battle the termites.


66 posted on 06/26/2014 1:05:56 PM PDT by Tax-chick (Told 'em not to science those burgers too hard. ~ Darksheare)
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To: Tax-chick

Yes, they have their drawbacks. In my area the only pros are lower price and lower taxes.


67 posted on 06/26/2014 3:03:00 PM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: george76

As depressing as this news is, there is one silver lining:

All of the bums and moochers who get their “money” through tears and whining are going to be SOL when there’s no government to back up their useless paper with force. Meanwhile, those of us with actual skills and tangible assets, while not living perfect lives, will be better off than the moochers to a degree.


68 posted on 06/27/2014 10:35:57 AM PDT by RWB Patriot ("My ability is a value that must be earned and I don't recognize anyone's need as a claim on me.")
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To: george76

this is all by design


69 posted on 06/27/2014 10:36:21 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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