Posted on 07/08/2016 8:29:44 PM PDT by dynachrome
Retailers have blamed the weather, slow job growth and millennials for their poor results this past year, but a new study claims that more than 20 percent of Americans are simply too poor to shop.
These 26 million Americans are juggling two to three jobs, earning just around $27,000 a year and supporting two to four children — and exist largely under the radar, according to America’s Research Group, which has been tracking consumer shopping trends since 1979.
(Excerpt) Read more at nypost.com ...
Tell that to Obama’s “media” who keep spinning that the economy is booming and that jobs are everywhere. What’s his regime’s new unemployment figures? 4.9%? Isn’t that “normal”?
You keep coming back for more, poor slob. With each post you appear to be more frantic and unstable.
minutegal, you are quite correct about middle class not shopping, but the real reason is missing in your post.
Manufacturing jobs are backbone of middle class jobs.
Millions of these jobs have been exported to cheap labor countries to increase profits. Basically nothing wrong with free trade, but everything wrong with unfair trade. Our foreign trade pacts are terrible. Try exporting American made machines to Japan or China. There are myriad of obstacles! But their goods come into US with no restrictions. Foreign made cars arrive at US ports by the millions facing no restrictions. The reciprocity for American made cars is not present.
Until the foreign trade imbalance of Trillion dollars every year is addressed, expect middle class to keep shrinking. Importing cheap foreign workers on H1-B visa’s causes more devaluation of middle class wages. But since almost all career politicians depend on the ultra rich donor class, nothing is going to change. The middle class is steadily morphing towards the lower income group.
Now chill out and have a nice iced tea before you give yourself an aneurysm, lol.
“Those are two different groups although you are not alone on this thread in thinking that they are the same group. “
Even the “working poor” still have plenty. There is no poor. I know guys making six figures that are always broke but guys making far less than that take vacations.
Broke is not poor.
And they are not spending because they don't have it to spend.
Once you have bought the basics for a family of four with $27,000 a year you are generally out of money.
Yes, compared to people in some other countries they have "lots of stuff".
So does the guy sleeping on the sidewalk that has a biscuit in his pocket because he has breakfast and is wearing a set of clothing.
Is that standard of living all that should be available to a working American family?
Do we now aspire to be just like the third world?
mine to for the most part....that's why a whole bunch of collectibles and antiques will probably be sold off at an estate sale when we die.....lol...
but on the practical side, I encourage my dtr NOT to be a collector....you buy stuff and after a while it just does nothing for you but the stuff is too good or valuable to just ditch to goodwill....better not to start collecting at all...
Make allowances for autocorrect.
It depends on what state you live in. I’m telling you, she didn’t qualify for anything but a break in health insurance. That still cost her more than $300 a month (plus copays) for the two of them.
“B.S There are no poor in this country. None.”
I agree.
My mother was widowed in 1938 with two kids.
THAT was poor.
.
Lowbrow and low class seem more apt descriptions in your case. Material wealth doesn’t automatically instill class.
“They may be “too poor to shop” but everybody has the latest “smart” phone.”
I don’t.
Auto correct would have corrected 'agian' >>>>>..to 'again.' Auto correct would not have left 'agian' ...as 'agian; Thank you but no need to make excuses for this very ignorant POS.
It’s good that minimilism is “in vogue” since that is all that most can afford.
You did "the rest of the story" for me, thank you...and it was done very succinctly, very accurately....and very well, indeed.
We're the "A-Team", LOL....
Leni
Part of it IMO is we’ve gone through the period of “walmartification” and are coming to the awareness we don’t need all that crap. My wife and I just downsized and are empty nesting. We got rid of pickup loads of crap and just don’t want a bunch of cheap crap anymore.
I can’t wait for the kids to go to college so I can downsize and “Go Mobile” (Watch the Police and the Tax Man miss me!)
We have the richest poor people in the history of the world.
There are books and ample websites that discuss how to live on the road in a mobile home. Things like where to license your rig, get your mail, buy your insurance. Basically, buy ala carte from different states to minimize your taxes.
I’ve given thought to “divorcing” my wife on paper and losing all my assets to her in the settlement and becoming an “indigent” on paper to milk off an early retirement. I can’t. No more than my well to do depression era mother can throw away the heel of her bread loaf.
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