Thread: This Is Not A CraigsList Notice

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Anyone else feeling the pinch? I retired a few years ago then when we thought we were going be fine, my wife pulled the plug as well. While we haven't lost too badly, our investment portfolios are struggling to at least stay even. Add a couple of years of no SS increases, the fact that I missed my GE pension increase by 24 days, we're in a home that hasn't had any appreciation in 4 years and even in our 5% unemployment area. I'm still driving a 2006 pick up truck tho my wife did have to buy a new car this year (bottom of the heap Fusion - which is really a nicely equipped car). Now, this is makes my suspicions confirmed:

"The net worth of the American family has fallen to its lowest level in two decades, according to government data released Monday, driven by a more than 40 percent drop in their stakes in their homes.

The Federal Reserve’s detailed survey of consumer finances showed families’ median wealth plunged from $126,400 in 2007 to $77,300 in 2010 — a 39 percent decline. That put them on par with median wealth in 1992." Fed Report: Family Net Worth Falls Almost 40% Between 2007-2010

Oh and don't forget, this started under 'W' - but that fact that the Senate and House were under Dem rule seems to be ignored/forgotten by the Libtards

Then there's this little gem:
"Since President Barack Obama was inaugurated in January 2009, the Federal Reserve’s holdings of U.S. government debt have quintupled, according to the Fed’s official monthly balance sheet." Top Customer: Under Obama, Fed

How's that 'change' workin' for you now???