PERSONAL FINANCE

Financial Well-Being of Individuals

Continued Decline of the Middle Class

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A core issue in the U.S. now is the decline of the middle and lower-middle classes’ purchasing power; the ability to buy.

According to some estimates, only 10% of American households make up the middle class—the 10% just below the richest 10%. The bottom 80% lacks the attributes of a middle-class lifestyle that was once affordable on a much more modest income.

And there’s very little you can do about the shrinking middle class in the short term… And by short term, we mean from now until you die.

The government is forcing up prices.

Government causes businesses to incur more and greater costs.

Business passes the additional costs to the customer.

Wages are falling.

Raising the minimum wage makes it worse.

The United States is on the road to third world status.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

January 21, 2017 at 3:41 am

Public Utility Commissions

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Public Utility Commissions are supposed regulate utilities.

Most utilities are a monopoly.

Without rate regulation, utilities could and would gouge their customers.

Rate setting is a key issue for utility customers.

The Public Utility Commissions are supposed to set rates so that

—  consumer pay a reasonable rate

—  utilities receive a fair rate of return on their investment

Reality:  just another vortex of incompetence and corruption.

Public utility commissions exist to  guarantee utility company profits.

The more utilities invest, the higher the rates; whether the investment is beneficial or not.

There are no cost controls on the utilities.

With cost controls, utility rates would be lower.

Utilities waste billions of dollars each year; which customers pay for through higher rates.

This should not be a surprise; as public utility commissions are quasi-government organizations.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

DEFINITION — Special Interest Groups

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special interest group — an association of individuals or organizations that attempt to influence public policies to benefit themselves or their causes. Their goal is exclusive benefits for one segment of society at the expensive of the rest of society(legally steal from everybody else). They attempt to achieve their goals by selling their votes to politicians and bring pressure on the rest of society by whining and crying.

A gang of evil spoiled brats out to legally steal from the rest of society through the political process.

People without morals, ethics or honor and without corrupt politicians would be in prison.

 

 

The facts no one wants to read.

Comments and referrals to this blog would be greatly appreciated.

Written by solutions777

November 28, 2016 at 11:14 pm

Memberships and Subscriptions

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Most everybody has seen the advertisements for Amazon Prime; how it will save you so much money.

WRONG!

Very few subscriptions and/or memberships have any value.

Waste of money.

You can get the same value for free.

Only catch, you have to do some work.

Lazy and/or stupid buy memberships and subscriptions.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

July 12, 2016 at 9:48 pm

Retirement Dream

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More like nightmare.

The dreaded terror of not enough money.

Retirement income is small.

Bills are bigger.

Prices keep going up.

Income stays flat.

What are you going to do?

Sit around, and whine and cry?

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

June 25, 2016 at 5:54 pm

Get Out of Money Market Funds

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Do it now.

They are not insured by the Federal Deposit Insurance Corporation(federal government).

Many of these funds are implementing restrictions on withdrawals.

Also, withdrawals are slow compared to bank deposits.

Their interest rates are hardly better than bank deposits or certificates of deposit; if they are.

And if interest rates decline, the funds lose money, close or start charging you for your deposits/investment.

 

 

The facts no one wants to read.

If the facts make you mad, it could be the truth hurts.

Written by solutions777

April 30, 2016 at 7:52 pm

Computer Upgrades

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Hardware and software.

Or machine and programs.

Everyone keeps pushing upgrade, upgrade, upgrade.

Buy a new computer every four years.

Gets the latest upgrade to all your programs or newest version.

All nonsense.

You do not need to have the latest anything.

Ten year old computers are still highly productive/usable.

Software usually does not need to be upgraded.

Manufacturers and so-called computer professionals keep pushing upgrades to get your money.

Manufacturers do upgrades to cover their mistakes in design and manufacture; and then want you to pay for it.

Professionals would have little to do if you did not upgrade and your computer remained stable.

Start upgrading software and stability goes away; especially on older computers.

Answer:  buy a new computer and/or new software.

Software companies(especially microsoft) stop supporting older versions of programs.

Companies refuse to make programs backward compatible(have older versions of programs work with newer versions of other programs).

Websites give error messages if you are not using a supported version of a program.

A big scam to get your money.

 

 

The facts no one wants to read.

If the facts make you made, it could be the truth hurts.

Written by solutions777

March 7, 2016 at 1:46 am