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Are you better or worse off since the Great Recession?

By willywonka following x   2019 Jun 18, 4:04pm 294 views   6 comments   watch   nsfw   quote     share    


1. Way better off - I was pimping a much higher class of ho's after the meltdown.
2. About the same - even though I'm no longer the new guy in the showers, my parole was turned down (again).
3. Worse - Working graveyard at Burger King ain't exactly the same as making serious cash as a mortgage broker.

Survey: Nearly 1 in 4 American adults are worse off now than before the Great Recession

The Great Recession may have ended a decade ago — but when it comes to Americans’ finances, many have yet to bounce back.

A nationwide Bankrate survey found that nearly half (48 percent) of Americans who were adults when the downturn began in December 2007 have seen no improvement in their financial situation. One in four respondents (or 25 percent) report that their overall financial situation is about the same as it was when the worst economic crisis in nearly 80 years hit, while 23 percent say their situation is worse.

That comes at a time when the traditional economic data tells a story of booming growth and maximum employment. The expansion is poised to become the longest on record in July, and the unemployment rate is now at a near half-century low after 104-straight months of job creation.

Even though nationwide numbers paint a rosy picture overall, the survey underscores that such a recovery hasn’t been the reality for all Americans.

“The echoes of the financial crisis and Great Recession remain very present in the financial lives of many Americans, despite the improvement in the broader economy,” says Mark Hamrick, Bankrate’s senior economic analyst. “While some have managed to prosper in the decade since, there are still tens of millions who are struggling to even get back to where they were before the economy took a turn for the worse.”

https://www.bankrate.com/personal-finance/smart-money/great-recession-survey-june-2019/

1   HEYYOU   ignore (31)   2019 Jun 18, 4:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

" Nearly 1 in 4 American adults are worse off now than before the Great Recession."

"A nationwide Bankrate survey found that nearly half (48 percent) of Americans who were adults when the downturn began in December 2007 have seen no improvement in their financial situation. One in four respondents (or 25 percent) report that their overall financial situation is about the same as it was when the worst economic crisis in nearly 80 years hit, while 23 percent say their situation is worse."

None of these are Republicans or Democrats because they be so smart.
AGW takes to long.
Maybe I will get to see a civil war,world war or a global depression.
Can't wait to say: "So you thought there was no possibility so you did nothing."
2   SunnyvaleCA   ignore (0)   2019 Jun 18, 5:08pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

How many houses have recovered to pre-recession highs, including inflation?

Here in the my part of the Bay Area, shacks crashed to about $1.2MM in 2006 to $800k in 2009; now they are about $1.9 MM.

That, and increase in company's stock price means: Way better off. (at least financially)

On the other hand, more overcrowding has reduced the quality of life. And, I'm just that much closer to death by old age.
3   Tenpoundbass   ignore (14)   2019 Jun 18, 5:21pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

willywonka says

The Great Recession may have ended a decade ago — but when it comes to Americans’ finances, many have yet to bounce back.


That's because they are sitting on their asses watching Guest Visa Workers take very job on the books from them. While protecting them from Donald Trump who wants to send them back. It boggles the mind. People see Guatemalans doing construction and they think it's cheap menial labor. They have no clue that before Obama and Bush threw the American middle class under the bus, those jobs represented $400 to $1200 a day in Skilled labor. That one in four is too fucking stupid for their own good. And will vote for Bernie Sanders if given a chance.
4   OccasionalCortex   ignore (3)   2019 Jun 18, 5:21pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

SunnyvaleCA says
How many houses have recovered to pre-recession highs, including inflation?


So we should fix the collapse of assets that were jacked up by mal-investment by encouraging said same mal-investment again?

That's the thing about Trump's tax and regulatory reforms: Capital now finds better returns on actual productive investment than it does on tulips...er, 'houses'.
5   Ceffer   ignore (2)   2019 Jun 18, 6:32pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

I have graduated from a cardboard box to a nice canvas REI tent, and have a rain gutter close by to piss and shit in so I don't lose my self respect like I used to.

Thank you President Trump!
6   CovfefeButDeadly   ignore (5)   2019 Jun 18, 8:41pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Tenpoundbass says
willywonka says

The Great Recession may have ended a decade ago — but when it comes to Americans’ finances, many have yet to bounce back.


That's because they are sitting on their asses watching Guest Visa Workers take very job on the books from them. While protecting them from Donald Trump who wants to send them back. It boggles the mind. People see Guatemalans doing construction and they think it's cheap menial labor. They have no clue that before Obama and Bush threw the American middle class under the bus, those jobs represented $400 to $1200 a day in Skilled labor. That one in four is too fucking stupid for their own good. And will vote for Bernie Sanders if given a chance.


This. If you aren’t making hay right now, you never will.

It’s all about the hustle and if you can’t get two jobs paying $15-30/hr...sucks to be you.

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