By Katrina vanden Heuvel Katrina vanden Heuvel Columnist covering national politics, progressive politics and movements, and foreign policy Bio Follow Columnist April 2 at 8:08 AM Federal Reserve Chair Jerome H. Powell says that the the “growth of economic activity has slowed.” The usually optimistic International Monetary Fund projects U.S. economic growth will drop to 1.
And while incomes have stagnated, key costs have soared. Health care remains remarkably expensive; millions go without insurance or are underinsured. Gallup reports that since Trump took office, the number of Americans without health insurance has increased by a stunning 7 million. Female, younger and lower-income workers have seen a greater decline than those who are male, older and/or wealthier. Life expectancy has declined for the third year in a row.
Our retirement crisis grows worse as well: 45 percent of Americans report that they have zero savings for retirement. A similar amount, not surprisingly, expects to be financially insecure when elderly. Companies continue to eliminate pension plans. Most small businesses don’t even offer 401 plans.
Source: Financial Digest (financialdigest.net)
tinaorwall How about e.g., 80+ years of Keynesian 'deficits & spending-before saving' economics? Has maybe THAT 'hurt working people'? (It takes $ to buy & build machine tools, as shown in the photo!)
False
Yes, yes it is. LIES!!!
Go to the source. Ask people in the street. There are plenty in the street at any hour of the day. Why are these people not working. The Press need to talk to regular people about the financial situations of their life. Thanks to Trump and GOP for this poverty inflicted on us.
This is so true.This economy is being promoted for the ones who has money already.The poor and homeless are multiplying hourly. Families are living in tent cities or garages.Why are the Press not giving a true picture.Prices of everything has gone up.This economy is not great
It is by design. TAX THE RICH
His tres j Goff
His debt j worries lot didn't think Capitol Hill work there are working alone not new
Duh!
I wonder how many of the uneducated white men, reported recently to have increased their support of the current president by a whopping 20%, realize that he does not support them and does not even have their interests at heart or mind, for that matter.
Best economy ever for those who already got theirs. Banks getting theirs. Politicians. The already rich. Hell, even the orange idiot is making some on SecretService golf cart rentals. Who is better off and who is still barely treading water?
Nor will it under this corrupt administration.
Oh uh huh
Except for the fact that they enjoy access to goods that even Rockefeller didn't have access to
It’s not designed to. It’s designed to benefit those at the top. It was designed to maintain a strong middle class, but that’s been eroding ever since Reagan. The plutocrats have all but won.
Trump touts the low unemployment rate ad-nauseum but I haven't heard what the stats are for people working 2 or 3 jobs just to make ends meet.
Fake News! Numbers suggest wages are up, more people are working at any time in the US's history. Lowest unemployment among blacks, Hispanics, and Women. The Economy is working for 'working people', unless you don't to work!
we all knew the amazing racist was just an apprentice dancing with the tzars to make americans idle kebblers breaking bad thought they won the game of thrones but they got lost
Yeah it’s working for robots because you know automation the true killer of the American factory job
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That's strange. Most of the working people I know are saying the opposite. It's almost like you guys are trying to misinform people.
Especially if you live in heavily taxed Democratic run states like Connecticut .
Well I think it would have continued if we wouldn’t of given the 1% all this tax cuts and country would still be working trying to make itself better. When they give them the tax cuts 10% they quit trying. When the richest stop trying to make things better. Doesn’t get better.
That’s because we have not seen it trickle down yet but it’s coming (obvious sarcasm do NOT get triggered)
You don't have to tell us, the struggling working class. idiots!
People are suppose to think their moneys best Isnt about getting
Wouldn't it be nice, if a bunch of renewable energy plants & service jobs were created all of the sudden.Providing higher wages, union benefits, & a revitalized local water supply where the residents didn't all get Cancer from the Coal waste ponds overflowing after each rainfall.
Said the useless reporter with a job and and a bias agenda.
When you think simple millionaires are 'Middle Class' Americans, sure it is.
The goal of Trumpism was to make rich people uber rich beyond the need for them or their kids or their grandkids to ever work a day in the lives again. The way to accomplish this was to eliminate the middle class and use that money to give suitcases of cash to rich people.
Potential voters sold an ole rich man idea. You can change your vote in 2020 to a vote that benefits you and your family.
I have noticed
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