The American Families' Economic Pulse Under Obamanomics

The only economic-hardship stories that get to the media, are the stats-galore mumbo-jumbo out of Wash. DC, or very local stories of the downtrodden. But after 6 years of economic disaster under Team Obama, here's the "real deal" of how bad it is for most American families.

(Just ignore the Team Obama ordered hype about how the economy is somehow, miraculously, still improving. It's not. And too many Americans, once steadily employed, are now piecing together part-time or seasonal jobs just to stay afloat.)

www.nytimes.com... d=49939149
'UNSTEADY INCOMES' KEEP MILLIONS BEHIND ON BILLS - AND FORGET ANY SAVINGS
"The financial volatility that the Vories grapple with is a feature of life for millions of workers whose paychecks fluctuate with the season, an hourly schedule or the size of a weekly commission.

"A more recent national survey by the Federal Reserve, based on 2013 data, suggests the problem has not only persisted as the economy recovers (*raspberry*) but may even have worsened. More than 30 percent of Americans reported spikes and dips in their incomes. Among that group, 42 percent cited an irregular work schedule; an additional 27 percent blamed a span of joblessness or seasonal work.

"The data show “a clear upward trend in income volatility,” according to a report from U.S. Financial Diaries, which on Wednesday released the first results of an in-depth study of low- and moderate-income families. In the diaries’ research, NEARLY ALL OF THE 235 HOUSEHOLDS STUDIED EXPERIENCED A DROP IN MONTHLY INCOME OF AT LEAST 25% IN A SINGLE YEAR. The main culprits were reduced work hours, health problems and shifts in household size, like a needy relative coming to stay.

"Across the country, nearly seven million people working part time would prefer full-time jobs but can’t find them. While their numbers are down from the peak a couple of years ago, these involuntary part-timers still account for 4.5 percent of the labor force, compared to an average of 2.7 percent before the recession."

www.dailyjobcuts.com...
DAILY JOB CUTS
Constantly updated page of jobs-lost, company bankruptcies and closings.

a reply to: MKMoniker

"Obamanomics"

Brilliant thrust for 2016. Angry people are very easy to dupe, don't you think? Get ready to take your place in the hunger games.

'UNSTEADY INCOMES' KEEP MILLIONS BEHIND ON BILLS - AND FORGET ANY SAVINGS

Yeah people can forget savings even if they had the cash to save.

Since the federal reserve controls every single interest rate in this country,

They control every financial instrument in this country.

Those interest rates are being manipulated to keep them LOW, and that is an understatement.

Non existent is more like it.

And that is the reason checking with interest,savings,money markets,cds, ALL PAY JACKSNIP anymore.

Funny thing there is millions of Americans use to use those investment vehicles to increase their standard of living, ie wealth.

People want to whine about the 'growing' income divide' that is one of the biggest reasons that never get talked about.

I't's them GD evil corporations!

When the reality is the reason is 'Obamanomics' which can basically be summed up as 'trickle up economics'.

That doesn't do jacksnip for anyone.