Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Fed Survey: 1/3 of Americans say they are worse off 5 years after recession
American Thinker ^ | 08/08/2014 | Rick Moran

Posted on 08/08/2014 7:49:29 AM PDT by SeekAndFind

There's a lot of economic anxiety in America today, so it's no surprise that the Federal Reserve has discovered substantial pessimism about Americans' own personal financial situation. The Feds most recent survey shows that 1/3 of Americans believe themselves to be worse off 5 years after the recession ended.

Wall Street Journal:

More American households say they are worse off  rather than better five years after the recession, a new Federal Reserve survey found.

The report, released for the first time on Thursday, found 34% of households said they were “somewhat worse” or “much worse” financially in 2013 compared to 2008. Only 30% reported being better off to some degree.

Considering that respondents were asked to compare their incomes to 2008, during the depths of the recession, “the fact that over two-thirds of respondents reported being the same or worse off financially highlights the uneven nature of the recovery,” the Fed report said.

That data comes from the Fed’s Survey of Household Economics and Decision Making. The survey was conducted for the first time last year as part of the central bank’s effort to monitor America’s recovery from the recession and identify any risks to households’ financial stability. The new report offers a view of how households assess their own situations that is not found in other U.S. data sources.

Despite relatively few Americans feeling their finances are improving, most appear to be faring relatively well. The survey found 23% reported “living comfortably” and 37% said they were “doing OK.” Less than 40% said they were “just getting by” or otherwise struggling.


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


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: fed; inflation; livingstandards; obamanomics; recession
Navigation: use the links below to view more comments.
first 1-2021 next last

1 posted on 08/08/2014 7:49:29 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

Comment #2 Removed by Moderator

To: SeekAndFind

After five+ years of recession, those better off are the exception.


3 posted on 08/08/2014 7:52:38 AM PDT by Ingtar (The NSA - "We're the only part of government who actually listens to the people.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I make more money, but it costs more to live and more in taxes, so I have actually lost instead of gaining.


4 posted on 08/08/2014 7:56:44 AM PDT by Resolute Conservative
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ingtar

The “recession” ended years ago. It became, and still is, a depression, in spite of the phony numbers cooked up for public consumption. The real numbers (labor force participation, capital escaping from these shores, business “inversions” which transfer company headquarters overseas to avoid US taxes, cumbersome and onerous regulation of sometimes the most minute of transactions) are out there, but so covered up or camouflaged as to made logical interpretation difficult at best.


5 posted on 08/08/2014 8:00:51 AM PDT by alloysteel (Most people become who they promised they would never be.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

Hey!
They didn’t ask Me, but here is my two cents worth.

My rent has gone has gone up 100 bucks.
My utilities bill has doubled.
My cable bill has doubled.
My phone bill has doubled.
My food expenditures have doubled.

I’m on a fixed income.


6 posted on 08/08/2014 8:00:54 AM PDT by Terry L Smith
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
ahaha AFTER>???


7 posted on 08/08/2014 8:03:05 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill ...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

“Recovery for Wall $treet but not Main Street”

A phrase rarely heard in the media....


8 posted on 08/08/2014 8:03:50 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Another Recovery Summer will do the rest of us in.


9 posted on 08/08/2014 8:06:05 AM PDT by AU72
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

ALTERNATE HEADLINE:

2/3 of Americans are not paying attention


10 posted on 08/08/2014 8:07:14 AM PDT by PATRIOT1876
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation

We’re gonna elect someone like the Fake White Indian on a promise to punish Wall Street. I can feel it in my bones.


11 posted on 08/08/2014 8:10:25 AM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 8 | View Replies]

To: SeekAndFind

I’m at a complete standstill.

Company has recently axed almost 30 people out of the blue, and everyone is now worried.

This should have been an easy 8 years of steady growth if these damn socialists didn’t have their hands all over everything.


12 posted on 08/08/2014 8:23:44 AM PDT by VanDeKoik
[ Post Reply | Private Reply | To 1 | View Replies]

To: VanDeKoik

Weinerville???


13 posted on 08/08/2014 8:27:01 AM PDT by catman67
[ Post Reply | Private Reply | To 12 | View Replies]

To: Resolute Conservative

Glad I’m not alone in that respect. On paper, I am making the most I ever have but day to day living eats me alive.


14 posted on 08/08/2014 8:39:44 AM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.q)
[ Post Reply | Private Reply | To 4 | View Replies]

To: VanDeKoik

The ax is coming here early next year. The brunt will be on the hourly people. Salaried types will get cut as well.


15 posted on 08/08/2014 8:43:50 AM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.q)
[ Post Reply | Private Reply | To 12 | View Replies]

To: wally_bert

You ain’t kidding. Every time I turn somebody’s hand in is my wallet. I make 45% more than I did 3 years ago and gain no headway.


16 posted on 08/08/2014 8:46:46 AM PDT by Resolute Conservative
[ Post Reply | Private Reply | To 14 | View Replies]

To: Resolute Conservative

I am starting to at a snail’s pace. Some medical bills hit hard. Here and there I am buying equipment for a side venture. I am preparing as best I can.


17 posted on 08/08/2014 8:51:18 AM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.q)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Resolute Conservative

Agreed: I make significantly more than I did in 2007. So why don’t I have disposable income anymore ??


18 posted on 08/08/2014 8:51:35 AM PDT by Salgak (Peace through Superior Firepower. . . .)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Buckeye McFrog

I actually think the Clintons are gonna use this approach:

You poor b@stards realize there’s gonna be a Dem POTUS in 2017, right?

So vote for Hillary in the Dem primary because she won’t be quite as bad as Lizzie.


19 posted on 08/08/2014 9:00:57 AM PDT by nascarnation (Toxic Baraq Syndrome: hopefully infecting a Dem candidate near you)
[ Post Reply | Private Reply | To 11 | View Replies]

To: SeekAndFind

Is this Summer of Recovery 4 or 5 ?


20 posted on 08/08/2014 10:37:28 AM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson