Skip to main content

Not healthy money-wise

One suspects that these figures, below (from a piece in The New York Times today) of the financial situation of Americans isn't all that much different in many Western countries.    It isn't any wonder that people resent the ever-increasing divide between the haves and have-nots.

"Americans are generally lackluster savers. Forty-one percent of households lack liquid savings to cover an unexpected $2,000 expense, according to research from the Pew Charitable Trusts, which also found that a lack of saving is a top financial worry, even among families with higher incomes.
Continue reading the main story

One in three American families reports having no savings, including one in 10 of those with annual incomes greater than $100,000. Federal data show the overall personal savings rate in the United States is about 5 percent, and an analysis by Moody’s Analytics finds that Americans under 35 actually have a negative savings rate, meaning they are spending more than they earn."

Comments

Popular posts from this blog

Oh yer?

Credited to Nick Anderson

Donald T: First seduced..... then betrayed!

All those supporters of Trump - who, heaven's only knows, got him headed for the White House - are in a for more than a rude awakening and shock.   Whatever Trump "promised" is just not going to happen....as Paul Krugman so clearly spells out in his latest op-ed piece "Seduced and Betrayed by Donald Trump" in The New York Times.

"Donald Trump won the Electoral College (though not the popular vote) on the strength of overwhelming support from working-class whites, who feel left behind by a changing economy and society. And they’re about to get their reward — the same reward that, throughout Mr. Trump’s career, has come to everyone who trusted his good intentions. Think Trump University.

Yes, the white working class is about to be betrayed.

The evidence of that coming betrayal is obvious in the choice of an array of pro-corporate, anti-labor figures for key positions. In particular, the most important story of the week — seriously, people, stop focusing on Trum…

Snooping..... at its worst

The Brits have just brought in legislation which allows for unprecedented "snooping" in a Western democracy - says Edward Snowden.   Let truthdig explain....

"On Tuesday, the United Kingdom instated the Investigatory Powers Act 2016, a piece of legislation described by whistleblower Edward Snowden as “the most extreme surveillance in the history of western democracy.”

The law, informally known as the “Snooper’s Charter,” spent over a year in Parliament before it was passed. The Guardian reported:

"The new surveillance law requires web and phone companies to store everyone’s web browsing histories for 12 months and give the police, security services and official agencies unprecedented access to the data.

It also provides the security services and police with new powers to hack into computers and phones and to collect communications data in bulk. The law requires judges to sign off police requests to view journalists’ call and web records, but the measure has been descri…