Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMost Americans Struggling Financially Despite The "Strong Economy"
Hey look everyone, another asterisk for that "strong economy" we're supposed to have...
Most Americans Struggling Financially Despite The Strong Economy
Despite the booming economy and low unemployment, only 29% of Americans consider themselves financially healthy.
That means the vast majority of U.S. individuals arent prepared if and when another recession sets in.
If you look at what comprises financial health its things like more income coming in than going out, being able to pay your bills on time and having savings in the bank, said Jennifer Tescher, founder and CEO of the Financial Health Network, the research firm focused on financial health. Despite the booming economy, Americans are like ducks swimming in the water. It looks placid and smooth at the top but under the surface, their little feet are churning and churning.
The Financial Health Network partnered with Flourish, the venture capital firm that invests in fintechs, MetLife Foundation and AARP to get a sense of how Americans are feeling financially. In its second year, the U.S. Financial Health Pulse Report measures respondents against eight indicators to determine if they are financially healthy, financially coping, or financially vulnerable.
That means the vast majority of U.S. individuals arent prepared if and when another recession sets in.
If you look at what comprises financial health its things like more income coming in than going out, being able to pay your bills on time and having savings in the bank, said Jennifer Tescher, founder and CEO of the Financial Health Network, the research firm focused on financial health. Despite the booming economy, Americans are like ducks swimming in the water. It looks placid and smooth at the top but under the surface, their little feet are churning and churning.
The Financial Health Network partnered with Flourish, the venture capital firm that invests in fintechs, MetLife Foundation and AARP to get a sense of how Americans are feeling financially. In its second year, the U.S. Financial Health Pulse Report measures respondents against eight indicators to determine if they are financially healthy, financially coping, or financially vulnerable.
https://www.forbes.com/sites/donnafuscaldo/2019/11/15/most-americans-struggling-financially-despite-the-strong-economy/#2c3003de4b6b
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 551 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (6)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Most Americans Struggling Financially Despite The "Strong Economy" (Original Post)
ck4829
Nov 2019
OP
strong ecomomy never made itto workign americans who's wages have change little in years
beachbumbob
Nov 2019
#2
Wellstone ruled
(34,661 posts)1. Got to be darn serious if Forbes is running this.
beachbumbob
(9,263 posts)2. strong ecomomy never made itto workign americans who's wages have change little in years
all elite wealth that as expanded
Sherman A1
(38,958 posts)3. Another case for Universal Basic Income
as proposed by Andrew Yang.
appalachiablue
(41,102 posts)4. K/R