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A Long, Steep Drop for Americans' Standard of Living


Business  (tags: declining standard of living, americans, consumers, economy, society, politics, news, money, government, finance )

AWAY AWHI
- 2828 days ago - csmonitor.com
Not since at least 1960 has the US standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.



   

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Comments

Carol H (229)
Friday October 21, 2011, 5:41 am
noted, thanks Cal
 

patricia l (317)
Friday October 21, 2011, 6:07 am
Disposable income?
What's that?
 

Past Member (0)
Friday October 21, 2011, 6:48 am
Thanks for the info.
 

Alice C (1797)
Friday October 21, 2011, 6:55 am
Everyone is feeling the pinch !
 

Becky S (1)
Friday October 21, 2011, 8:00 am
Not surprising. Thanks for sharing!
 

Ellen m (215)
Friday October 21, 2011, 8:58 am
"disposable" isn't even on my radar, but sacrifice sure is! No raise in SSI disability for what, 3+ years, and food prices have risen anout 20+% across the board, and gas, heat, rent.
Hell, I can barely afford to pay attention! Thanks Cal
 

Roger G (148)
Friday October 21, 2011, 1:44 pm
noted, thanks !
 

Jonjon Hoy (146)
Friday October 21, 2011, 2:45 pm
Standard American living is the Goodwill store or trift store due to the "I Have A Dream" we had to adjust to in this recession.
 

Jonjon Hoy (146)
Friday October 21, 2011, 2:47 pm
Congress is afraid of feeling the recession crunch as we have. Congress wouldn't survive like we did or doing now.
 

Mary Donnelly (47)
Friday October 21, 2011, 2:50 pm
Thanks Cal. I am amazed that this fact has gone so long without being given appropriate publicity.
 

Sheryl G (359)
Friday October 21, 2011, 4:19 pm
Disposable income, oh is that what is left after the moths fly out? I haven't seen any of it in a long time. Guess the moths got it.
 

Alicia N (87)
Friday October 21, 2011, 5:31 pm
noted , thanks
 

Ruth R (246)
Saturday October 22, 2011, 12:07 am
People need to grow gardens, live off the land, store food, have pantries. It is past time -- and because of some of the greed in some of the banks, corporations, and politicians. People have need to stock up food and supplies and help one another out of kindness.
 

Marianna Molnar (9)
Saturday October 22, 2011, 6:54 am
sad but true
 

Carmen S (611)
Saturday October 22, 2011, 2:24 pm
noted, thanks Cal, just about everyone I know is trying to figure out how to make ends meet.
 

Charlene Rush (2)
Sunday October 23, 2011, 11:28 am
The current situation, the majority of us, find ourselves in, is exactly what the _powers that be_ had planned for us. By lowering our standard of living, we are supposed to be happy with less - less money and fewer expectations. The Tea Party Republicans want to get rid of our unions and the wages that come with them.
The most surprising part of this is, the 'less' affluent conservatives, would see their wages reduced, once the unions are gone. This is actually, where the domino effect comes into play, FOR REAL.
If you are incapable of comprehending how this works, a class in History 101, is in order.

If the conservatives have their way, the illegals will all be gone, and we will work in the fields, in their place, for the same low wages; except, this isn't working, already, in some southern states.
The conservatives, also, want to eliminate the minimum wage. How will that work for you?

To Ruth R.: Living off the land is a good idea, but not pragmatic.. Admittedly, we would be much healthier. It was a great idea, in the past, when large families were the norm. Today, with both parents working, to obtain, even the basic necessities, it's practically impossible.
Unfortunately, many mothers aren't even teaching their children how to cook, which I find disturbing.
You are totally, accurate about helping one another, out of kindness, but you will have an arduous time convincing the Tea Party Republicans and the GOP of this.

 

Lika P (130)
Saturday October 29, 2011, 10:01 pm
My whole entire income is predisposed. Between rent, energy bills, utility bills, car, clothes, food, and life, I have 0. Nothing left to spare, really. And I'm actually lucky compared to some. At least my rent is getting paid.
 
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