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Why Many Americans Feel Like They’re Getting Poorer
Time Magazine ^ | March 5, 2013 | Michael Sivy

Posted on 03/07/2013 2:19:27 PM PST by lbryce

click here to read article


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To: Nextrush
The government doesn’t include food in its official inflation stats.


21 posted on 03/07/2013 3:52:07 PM PST by 1rudeboy
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To: 1rudeboy

This guy in the picture, I see him once in a while, seems not to have much tolerance for important, long standing issues. :-)


22 posted on 03/07/2013 4:24:06 PM PST by lbryce (BHO:"Now, I am become Death, the destroyer of worlds by way Oppenheiner at Trinity NM)
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To: lbryce

I got a cheap-azz 2% raise this year. That does not even cover increases in health insurance premiums, not to mention inflation. I am BACKWARDS from where I was in March 2012.


23 posted on 03/07/2013 4:24:41 PM PST by backwoods-engineer (Blog: www.BackwoodsEngineer.com)
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To: backwoods-engineer

I always tell people who bitch about their pay raises to go start their own companies. That way, they can give themselves all the raises they want.


24 posted on 03/07/2013 4:28:48 PM PST by SamAdams76
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To: lbryce

I nearly fainted when I saw this was from Time Magazine online. Seriously.


25 posted on 03/07/2013 4:37:58 PM PST by nascarnation (Baraq's economic policy: trickle up poverty)
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To: lbryce

Important, long standing issues? Such as the government doesn’t include food in its official inflation stats, except when the government includes food in its official inflation stats?


26 posted on 03/07/2013 4:40:07 PM PST by 1rudeboy
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To: HangnJudge
This is data from a defunct research group plotted by an English prof:

This is BEA data from the Fed's website:

Graph of Real Disposable Personal Income: Per capita

"...Real personal disposable income fell by 4%, the biggest monthly drop in half a century..."

Right after a 4% surge over the previous 2 months.  

27 posted on 03/07/2013 6:05:47 PM PST by expat_panama
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To: ilovesarah2012
My take home is considerably less as my hours were cut back due to downsizing.

Thanks to Obama and his cadre of Czars. But it was a change I expected and believed would happen when the Communists took over the government.

28 posted on 03/07/2013 7:08:55 PM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: expat_panama

29 posted on 03/07/2013 7:28:35 PM PST by HangnJudge
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To: HangnJudge
Excellent graph!

It clears up two misunderstandings in the leftwing Time article, the first being that Obama inherited the problem with incomes from Bush, and the other that somehow that 4% drop was anything other than a return to a general climb. 

Reality is that incomes were fine until the disastrous policies since '09.  Something else is that the drop we just had was simply a conformation that incomes haven't really shown a lot of progress with our glorious "recovery".

30 posted on 03/08/2013 4:14:35 AM PST by expat_panama
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To: American in Israel

My hours have been cut and no overtime and higher taxes, higher food prices, higher gas prices. Yeah, I’m feeling poorer but that’s what Obama wants. And as we have seen for the last four years, Obama gets what Obama wants.


31 posted on 03/08/2013 4:36:58 AM PST by ilovesarah2012
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