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Middle Class Incomes Yet To Recover From Crisis As Wealth Gap Widens
zero hedge ^ | 6/18/15 | Tyler Durden

Posted on 06/18/2015 7:08:08 PM PDT by Nachum

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To: TurboZamboni

I’m only in competition with myself to do better, financially, year over year. So far, so good - even with the deck stacked against us. I love looking at my asset to debt ratio improving every year.

Others having more than me effects me not at all; it would make me crazy if it did. I want EVERYONE to be a success. And if the politicians would just listen to ME, we all would be! :)


21 posted on 06/19/2015 7:17:13 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: expat_panama

Wow - that looks like a real head and shoulders display right there - only the shoulders are wearing those pads from the 80s....


22 posted on 06/19/2015 8:28:39 AM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothings)
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To: Nachum

Its hard to recover when you don’t have a job.


23 posted on 06/19/2015 8:58:39 AM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Nachum

Hey! The recovery is moving along great, the unemployment rate is about 5%, the lowest it’s been since obama took office, and Americans are optimistic about the future. This summer we will see a massive stock market rally, probably breaking thru it’s previously highest level. Inflation is at an all time low. All this is due to obamacare and could only be improved if POS Obama were not stopped from granting amnesty to millions of undocumented Americans.


24 posted on 06/19/2015 9:05:11 AM PDT by uncitizen
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To: uncitizen
Hey! The recovery is moving along great, the unemployment rate is about 5%, the lowest it’s been since obama took office, and Americans are optimistic about the future

Tsk Tsk, somebody's been drinking the cool aid...

Reality Check: What's the Real Unemployment Rate in the U.S.?

Americans Not In The Labor Force Rise To Record 93,194,000

40% of Workers Now Have 'Contingent' Jobs, Says U.S. Government

In April There Were 26 Waiters And Bartenders For Every Manufacturing Job Added

7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak

The Average Age Of A Minimum Wage Worker In America Is 36

Record 56,167,000 Women Not in Labor Force; Participation Rate Matches 27-Year Low

 Feds Spent $100 Billion on Food Assistance Last Year 109,930,090 Americans participated in overlapping programs

90 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000

US Empire Fed Manufacturing Survey Plunges To Lowest Since January 2013 As Inventory Optimism Crashes By Most Ever

US Manufacturing PMI Weakest Since Jan, ISM Beats, Construction Spending Spikes Most In 3 Years

Middle Class Incomes Yet To Recover From Crisis As Wealth Gap Widens

The Job Market Will Get Much Worse, JPMorgan Warns

There Will Never Be Enough Good Jobs Ever Again

About Those Rising Wages: Real Hourly Earnings Drop To Lowest In 2015

Part-Time Jobs Soar By 437,000; Full-Time Jobs Tumble, Stay Firmly Under Pre-Recession Highs

Labor participation rate is also at 1970s levels.

Initial Jobless Claims Drop, Remains Near 42 Year Low

US Department Of Commerce Officially Jumps The Shark, Will "Double Seasonally Adjust" GDP Data

Decline: Economy Did Even Worse Than We Thought in First Quarter Anemic 0.2% increase revised down to 0.7% decline

Treasury Secretary: $18T Debt Is Not 'The Most Pressing Concern Today'

Another Fed "Insider" Quits, Tells The Truth

Fed holds off on interest rate hike, downgrades economic forecast

Spot The Mindblowing Housing Permits Outlier: ..reporting absolute gibberish "data"

Housing Starts Plunge 11% As April "Bounce" Fades, Permits Soar To 8 Year High

A Full-Time Minimum Wage Job Can’t Pay Rent For An Apartment Anywhere In The U.S.

What Happened The Last Time The Fed's Balance Sheet Hit 25% Of GDP: World War II

Teenagers are losing confidence in the American dream

$2.1T: Tax Revenue for FY15 Hit Record Through May; Gov't Runs $365B Deficit

Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"

Here Comes The "Affirmatively Furthering Fair Housing" Rule: How Obama Will Centrally-Plan Your Neighborhood

Consumer Comfort Plunges For Longest Streak In 7 Years

Almost Half Of US States Are Officially Broke

25 posted on 06/19/2015 9:48:52 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

Whoa! Nach! How in the WORLD did you miss the sarc in that diatribe?


26 posted on 06/19/2015 9:51:15 AM PDT by uncitizen
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To: Nachum

It’s a disgrace to democracy. And it’s hitting my daughter’s family hard. Their middle-class income once guaranteed them new cars every few years, a speedboat on the lake, an annual vacation, a freezer full of steaks, all of which are things of the past. Company merged with larger company and moved, hours reduced, etc etc.

Their personal downturn began just about the time Obummer was elected and now they are struggling to make ends meet. Put in a big garden this year, will be canning veggies to save money.


27 posted on 06/19/2015 10:41:44 AM PDT by Veto! (Opinions freely dispensed as advice)
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To: uncitizen

:)

It gave me a chance to post that...

LOL


28 posted on 06/19/2015 10:43:50 AM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: Nachum

Normal in a depression.


29 posted on 06/19/2015 10:47:22 AM PDT by <1/1,000,000th%
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To: Nachum

Oh alright then if it was for a good cause.


30 posted on 06/19/2015 12:25:21 PM PDT by uncitizen
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To: JohnnyP
"I just received notice of my 50th high school class reunion."

If you go, I hope that you have a great time. In my opinion you're not a Baby Boomer in essence, and that's a sincere complement.


31 posted on 06/19/2015 5:00:33 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: familyop

Thanks. Something wrong with my screen, it’s getting a little blurry right now.


32 posted on 06/19/2015 5:43:43 PM PDT by JohnnyP
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To: JohnnyP

I’m younger than you and graduated in the mid-70s. The reunions dissolved long ago, with too many of my classmates dead or in some kind of trouble. It was a small high school in a small town in a sparsely populated area (country folks).

I felt that I owed something to my older buddies (many who went to Vietnam) and to our forefathers, so I went to Ft. Leonard Wood for some training at the age of 31 (in ‘89). Graduated that 13 weeks of training and stayed in the Guard for six years.

Hey, look on the bright side, and have a great weekend! Hope your computer will work with a YouTube video.

Always Look on the Bright Side of Life - Monty Python’s Life of Brian
https://www.youtube.com/watch?v=WlBiLNN1NhQ


33 posted on 06/19/2015 6:00:09 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: JohnnyP

And there are always options for fighting the good fight.

Monty Python- Holy Grail Cow-tapult
https://www.youtube.com/watch?v=JQ8jGqdE2iw


34 posted on 06/19/2015 6:04:02 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: JohnnyP

Ah...stayed in the Army Guard for seven years. Tried a more relaxed kind of unit for the last year, and it wasn’t for me.


35 posted on 06/19/2015 6:07:40 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: abb

What I’m wondering is why the heck that NASDAQ took 15 years to improve. Especially w/ all this goofy talk about a outa-control soaring stock market?


36 posted on 06/20/2015 2:36:05 PM PDT by expat_panama
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To: expat_panama

I think Will Rogers had the best strategy I’ve ever heard:

“Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”


37 posted on 06/21/2015 4:51:49 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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