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One-fourth of U.S.
families "just getting by"

CBS News, by Alain Sherter

Original Article

Posted By:Pluperfect, 8/8/2014 4:38:05 AM

New data from the Federal Reserve highlight how many Americans continue to struggle financially more than five years after the end of the Great Recession. As of September 2013, when the central bank conducted the poll, a quarter of families said they were "just getting by," while an additional 13 percent were struggling to make ends meet. Asked to compare their current financial situation with how they were faring five years ago, as the housing crash was wreaking havoc on the economy, 34 percent of respondents said they were doing "somewhat or much worse" than in 2008. The same percentage

      


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Reply 1 - Posted by: Jdmii, 8/8/2014 4:45:04 AM     (No. 9957614)

The Clintons spouting off again!

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Reply 2 - Posted by: globalwarmer, 8/8/2014 5:38:16 AM     (No. 9957631)

Funny how the "end" of the Great Recession didn´t change a thing economically.

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Reply 3 - Posted by: grace1798, 8/8/2014 6:26:32 AM     (No. 9957650)

YES, I BLAME our Corrupt leaders ..but more blame goes to those voters who vote to STAY SLAVES of the U.S. Government....voting to keep receiving their SLAVE CHECKS. Also, when we were young marrieds in the early 70s.....we also struggled but we did NOT HAVE COMPUTERS and monthly charges for INTERNET. WE didn´t have such things and even if we did......IF we were having trouble getting by........we would NOT own any of that stuff............including a CELL PHONE! You cannot succeed if you are a slave to these things and these charges. We got along just fine without them. So when I hear whining from people who say they are poor........I have a problem with it. When we were poor......we lived on beans and hot dogs or cheap beef and bean soup for months or potato soup for MONTHS......that´s how it was when we were growing up. The kids and young adults today do NOT have a clue what poor is.

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Reply 4 - Posted by: Pearson365, 8/8/2014 7:13:57 AM     (No. 9957695)

The first sentence from CBS article should read:

New data from the Federal Reserve highlight how many Americans continue to struggle financially more than five years after Obama´s election & reelection.

Obama & his goons love the word "unprecented" but have yet to apply it to fact that this economic recovery is the weakest since the Depression. Instead of a strong bounce back from a sharp recession that ended in June 2009, we got "free" healthcare, enormous regulations, attacks on business, tax increases, the EPA, higher energy costs and more. But CBS like all socialist media, will never connect the dots.

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Reply 5 - Posted by: Muguy, 8/8/2014 8:45:03 AM     (No. 9957794)

This is a puff piece which does not tell the WHOLE truth.

We have spent $7 trillion and really have had little change except for the friends of obama making out like bandits. They have figured out how to "spin" the government money spent using our tax dollars to make the libs even more wealthy while forgetting the average citizen.

It takes two salaries to have any measure of a decent standard of living. We have printed money and ´magically´ created money to spend, but that will have a terrible effect in future years as the value of a dollar becomes next to worthless and it takes more and more to "make it"

People are trying to buy happiness and have all the luxuries of life and they cannot keep up. MORE taxes are on the way, and it is going to be devastating.

If one spouse loses their job or becomes unable to work, it has terrible consequences.

Some thought obama had some "secret stash" or that he was going to pay their mortgages or fill up the tank of their cars--I´m still waiting for my ´goodies", but I guess being a Conservative who wants to have smaller government, I´m up a creek....

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Reply 6 - Posted by: Videodrone, 8/8/2014 11:58:51 AM     (No. 9958044)

6 years ago it cost $30 to fill my truck yesterday it cost $82

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Reply 7 - Posted by: Iraengneer, 8/8/2014 4:47:22 PM     (No. 9958363)

gets worse and worse.
got note from old co-worker this morning. Our daily association ended 10 years ago now, as our customer base moved to Mexico.
He´s just lost his third job since, this one as engineering manager, as his employer majorly downsizes. They´re preparing to move into an RV, just because it´s easier to move than a mobile home if/when he finds another job somewhere.
I´ve closed three manufacturing operations in three states since, twice going from engineer manager to unemployed. We´re now living on early retirement and wife´s Disability (blindness) in a 20-year-old mobile home with bad floors and leaky plumbing, looking around at empty storefronts, closed factories and empty houses with tattered ´for sale´ signs out front. We´re eating regularly. Rice and pancakes are cheap. Don´t remember what steak looks like and hamburgers are a once-a-month treat.
Don´t tell me the "Great Recession" ended five years ago. It´s a lie.



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