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Five years after recession, most households still not better off
Fortune ^ | 8-7-2014 | Tom Huddleston, Jr.

Posted on 08/07/2014 6:38:47 PM PDT by Citizen Zed

More than a third of all respondents said they were worse off financially than five years ago. Another third said that they were doing about the same.

Only 10% of respondents felt they were doing much better than they had been in 2008, highlighting the dual nature of the recovery. Twenty percent more said they were somewhat better off.

Most households surveyed didn’t complain much about their finances. Sixty percent said they were either “doing okay” or “living comfortably” when asked how they were managing financially.

Meanwhile, many respondents said credit was hard to come by. Nearly one-third of those who had applied for some type of credit in the 12 months prior to the survey either got less than they had applied for or were turned down flat.

(Excerpt) Read more at fortune.com ...


TOPICS: Chit/Chat
KEYWORDS: 2014issues; 2014midterms; bhoeconomy
And after 2016 when America elects Elizabeth Warren it'll get even worse.

1 posted on 08/07/2014 6:38:47 PM PDT by Citizen Zed
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To: Citizen Zed

the first fake indian-chief?


2 posted on 08/07/2014 6:40:59 PM PDT by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: Citizen Zed

btt


3 posted on 08/07/2014 6:49:46 PM PDT by GailA (IF you fail to keep your promises to the Military, you won't keep them to Citizens!)
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To: Secret Agent Man

Not better off? You mean decimated. Savings wiped out by job losses and higher prices and now Obamacare. Constitutional rights infringed and under attack. America under assault by terrorists and illegal immigrants... Sure everything’s just peachy...


4 posted on 08/07/2014 6:52:19 PM PDT by jsanders2001
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To: Citizen Zed

Shouldn’t that be After five years of recession?


5 posted on 08/07/2014 6:55:05 PM PDT by Ingtar (The NSA - "We're the only part of government who actually listens to the people.")
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To: Citizen Zed

6 posted on 08/07/2014 6:56:29 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: jsanders2001

I was at Zillow website and looked up an area about 5 miles from by Minneapolis (55422 zip) and saw in an area about 5 x 5 miles 807 homes listed for sale. Many more if I widen the view.
You would think the economy was bad or something.
This was “unexpected”.


7 posted on 08/07/2014 7:00:54 PM PDT by minnesota_bound
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To: Citizen Zed

Warren is going turn the current brand of socialism into full-fledged national socialism. You can already hear her steering it in that direction. Economic patriotism and loyalty oaths? The so-called “liberals” and the party elites are already goosestepping to her tune.

When she gets elected, the powder keg goes boom. We’re going to see ugly on scale previously unimaginable.

She’s wicked bad.


8 posted on 08/07/2014 7:21:31 PM PDT by WhistlingPastTheGraveyard (The greatest trick the Soviets ever pulled was convincing the world they didn't exist.)
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To: Citizen Zed

The recession might be “over” on paper through fraudulent government accounting and shell games, but it’s definitely still on in real America. People can’t find work, people stuck working beneath their abilities, people forced to work part-time because of regulations, businesses afraid to hire because of government interference, and the list goes on and on...

Let the federal government get off everyone’s neck and we’d see an explosion of employment and a real recovery.

The way things stand now, I’m feeling super lucky to be working and have been blessed with working for a conservative boss that let’s me put in overtime. Oh, and we’re busy because we process foreclosure reports. I guess getting foreclosed on can mean a household isn’t “better off”, huh?

This administration is nothing but a big lie and the media lap it up like manna. Disgusting!


9 posted on 08/07/2014 7:24:38 PM PDT by Two Kids' Dad (((( ))))
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To: Citizen Zed
After the recession?

Hooks and Chains by 10 Pound Test

Scouts Out! Cavalry Ho!

10 posted on 08/07/2014 7:49:06 PM PDT by wku man ("Weenie in a Hybrid" by 10 Pound Test - https://www.youtube.com/watch?v=LWdLDSB_6gY)
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To: Citizen Zed

Just the way the liberals want it. People being better off leads to less dependency on them.


11 posted on 08/07/2014 8:01:04 PM PDT by TBP (Obama lies, Granny dies.)
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To: Citizen Zed

A recession as measured by vaporous numbers ended but the Second Great Depression continues.


12 posted on 08/07/2014 9:24:24 PM PDT by arthurus (Read Hazlitt's Economics In One Lesson ONLINE http://steshaw.org/economics-in-one-lesson/)
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To: Citizen Zed

you’re doing a great job there ya stupid magic negro dumbass.


13 posted on 08/08/2014 2:52:35 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: Joe Boucher

you’re doing a great job there ya stupid magic negro dumbass.

You left out “fudge packer”.


14 posted on 08/08/2014 4:46:40 AM PDT by bytesmith
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To: bytesmith

that’s something I just fail to comprehend.
mooselimbs are against homosexuality???


15 posted on 08/08/2014 8:15:12 AM PDT by Joe Boucher ((FUBO) obammy lied and lied and lied)
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