PERSONAL FINANCE

Financial Well-Being of Individuals

America the beautiful. America the brave. America the…poor?

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Well at least some of them are.  Americans for the most part are still worse off than they were before the recession hit them five years ago.

Their income levels have dropped off…their purchasing power has been eroded…their entire standard of living has declined.

Despite five years of so-called economic “recovery” more than 46 million Americans still live in poverty, that’s 15 percent of the nation’s population. And it’s been that high or higher for the past 3 years in a row. The last time the poverty level was above that mark was in 1983, and it was only marginally higher at 15.2 percent.

Why are so many more Americans living in poverty? Income levels have remained stagnate or lower for more than a decade.

Why are income levels down so much since 1999?

The world economy is continuously and rapidly evolving.

Individuals are not adapting.

Politicians and economists have NO knowledge of economics.

Their economic policies are idiotic nonsense.

Until individuals adapt and/or government learns economics, poverty is going to continue to grow.

Depending on the government will not stop poverty.

Individuals have to take responsibility for their own financial well-being.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

December 20, 2014 at 10:21 pm

Median Household Income Has Peaked

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Median Income is the amount in which half the people make more and half make less.

The median income started to peak in some parts of the nation in 1969; 45 years ago.

Each year, the median income peaks in more parts of the nation.

Household income has been declining for 45 years; it will continue to decline.

Your children will have a much lower income than you do.

The middle class is shrinking day by day.

Politicians and government have had 45 years to find a solution.

Results:  NOTHING.

Is there an answer?

YES!

If you want a turnaround of the median income, you have to get involved.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

December 13, 2014 at 4:18 am

Living On The Edge

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Nearly half of adults are unable to raise a few hundred dollars for an “emergency expense” without selling something or borrowing money from a friend.

One illness, one loss of an afternoon shift, or one unexpected expense … and they’ll have no money on which to live.

No money to buy food or to keep a roof over their heads.

We are not talking about daily life in Ghana, Kazakhstan or Nicaragua.

We are talking about life, here … in the United States.

In fact, 70% of those who responded to the Federal Reserve survey released in August revealed that they are no better off financially than they were in 2008 — the start of the Great Recession. With economic insecurity at historic highs, there’s only one way to make sure your financial future stays bright …

Just how precarious is the financial picture here in the U.S.?

Look around you, see the reality:

–  homelessness

–  the number of people on food stamps

–  mortgage foreclosures

–  rising prices

–  high unemployment

YOUR finances are NOT secure.

Repeat:  you do not have financial security.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

 

Written by solutions777

December 12, 2014 at 12:34 am

Governors Want Internet Sales Tax

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Current federal law prohibits states from levying sales taxes on items purchased over the internet unless the vendor has a facility in the state.

The states want Congress to change this law and allow states to collect sales taxes on internet purchased items.

The governors say the current law is unfair to local merchants; people purchase using the internet to avoid paying sales taxes.

This is true.

This is not the reason the governors want the law changed.

The reason is to collect MORE taxes.

This would raise the cost of living for YOU.

If the governors really want fairness, then eliminate all sales taxes.

Same for local merchants and internet retailers.

Less paper work for local merchants and less bureaucracy.

Less bureaucracy would save the states money.

The money saved would more than offset the lost sales tax revenue.

Instead of making the economy more efficient and controlling the rising cost of living, the states are robbing you.

This is just another money grab by state governments.

What are you going to do?

Just sit there and be robbed?

Or tell the state government to eliminate all sales taxes.

Money the states do NOT need.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

December 11, 2014 at 5:04 am

Food Prices Continue to Rise

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The Department of Agriculture forecasts food prices are rising at a clip of 5 percent.

Anyone who shops for groceries knows this is NOT true.

Food prices are rising much faster; probably closer to 10%.

Government lies in action.

Some economic forecasters say this will be offset by the decrease in gasoline and heating costs.

Prices never go down as fast as they go up.

Not everyone buys gasoline or pays for heating.  What about them?

Once again, the consumer is paying for an inefficient and inefficacious economic system.

Politicians/government as incompetent as ever.

More regulation will not work.

Changes in government economic policies are sorely needed.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

November 10, 2014 at 8:36 pm

Worthless Government Debt

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That is right/correct.

All government debt is worthless; federal, state, county, city, local.

Yes, all of it.

As long as some fool will buy it from you, great.

But, you never know when the government entity will declare bankruptcy; then bye, bye your money.

In the Detroit bankruptcy, some creditors loss 25% of their money.

If Detroit goes back into bankruptcy, they could lose some more.

How could all government debt be worthless? You ask.

The governments all have liabilities(money they owe) that are not being disclosed.

How can this be?

Simple answer:  they are the government.

Complex answer:  the financial watchdog system for government does not work.

Either way, do not let the government owe you money:

–  do not invest in ANY government debt

–  as a business, do not sell to  any government on credit more than you can afford to lose

–  this applies to government pensions  —  Detroit city workers took a cut to their pensions in the bankruptcy

 

Government is broke.

It is just hiding it from you.

The politicians and bankers know, but everyone just plays along.

It is not their money.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

November 9, 2014 at 8:33 pm

Living Paycheck to Paycheck

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Almost two-thirds of working Americans are living paycheck to paycheck.

And they’re worried sick about whether their kids will ever make it.

The kids lives will be worse financially than their parents.

They need leaders who understand their plight instead of denying it.

They deserve politicians who want to fix it.

The politicians from both parties are the same:  incompetent and corrupt.

Well, the democrats will buy votes with social programs.

Neither the politicians or their pet economists have any knowledge on how the economy works.

And today’s economy is global, making it more complex.

Politicians keep trying to manipulate the economy.

They are like gerbils in cage pushing buttons at random in hope of getting a food pellet.

And, of course, they never get a good result.

The economy CANNOT be manipulated.

The government has to implement policies in accordance with how the economy works.

For those tow-thirds of working Americans; raising the minimum wage is NOT the answer.

These Americans need help.

Raising the minimum wage looks like an answer:

–  everyone thinks they understand the “raising the minimum wage” solution

–  it is easy to implement

It will NOT work.

Push the button; get the food pellet; what, its poison.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

October 28, 2014 at 10:13 pm

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