Comments 1 - 4 of 4 Search these comments
The Great Recession may have ended a decade ago — but when it comes to Americans’ finances, many have yet to bounce back.
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.
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/