Comments for My Budget 360 Sat, 19 Apr 2014 23:53:05 +0000 hourly 1 Comment on How many Americans live paycheck to paycheck? A nation living precariously close to the financial edge. by Homer Goodall Sat, 19 Apr 2014 23:53:05 +0000 My income is $12000 per year and the Government took $3000 of it. We are sinking and sinking fast. We are not in a recovery, but instead a depression

Comment on How many Americans live paycheck to paycheck? A nation living precariously close to the financial edge. by Walter Ruggieri Sat, 19 Apr 2014 19:59:17 +0000 Your articles are always awesome. Thank you for you hard work!

I find that we are all getting slowly squeezed. Taxes are higher, food is higher, gas is higher, health care is higher, even my daily coffee is higher. Now, my paycheck has not changed in 5 years! So I am being squeezed from all sides and at some point, I will not have the money to pay for something. When that happens, I will be bankrupt. How many Americans are in my position? A lot and many more are getting there as well.

Comment on Inflation is all around us if you know where to look: Spiking food costs, rising home prices and rents, and more expensive energy. by michael Sat, 19 Apr 2014 12:36:42 +0000 this is the 1st time i have seen talk about how cos. are hiding inflation with there smaller packageing! what are they getting from goverment a tax brake for doing this? all i know it pi—- me off! they should be jailed! i think its outragios that the media keeps reporting no inflation! must be a way to screw me on my social security raise!

Comment on How much does the Average American Make? Breaking Down the U.S. Household Income Numbers. by Ryan Thu, 17 Apr 2014 23:30:34 +0000 Michael George;
I’m sorry your life hasn’t gone as well as you would like, however I must make some observations in your statements.

Did your programmer brother have more opportunity than you? If not, why is he doing so well and you aren’t? Is he working for himself?

Since your approach at success isn’t working out, maybe you should try a new approach?

I think they key to success IS the free market, lower taxes and less penalty on business…

I never went to college, i couldn’t afford it, and didn’t want the debt, it’s a colossal waste of time. That said, a doctor who made it through 8 or 12 years of college with hundreds of thousands of dollars debt certainly deserves a fat income!

All through my 20′s, I took whatever work i could get. computer repair, construction, mechanic, welder, wire puller. and like you, i wasn’t getting anywhere. I worked hard and have scars and back pain to prove it.

3 years ago, when i was 29, I started a business. It now has 15 happy employees whom for the most part, make more than I do.
I still drive a 22 year old truck w/o ac that leaks in the rain and I’m fine with that. This, is my pursuit of the American dream (or whats left of it). my income is ~46k gross.

The only thing I see potentially standing between me and the American dream, is “redistribution of wealth.”

Why should I be considered “Greedy” for wanting to keep what I’ve worked hard for? If anything, others should be considered greedy for wanting to take what I’ve earned as theirs.

Everybody above has noted that people are working twice as hard as they did in the 50′s for the same income (adjusted for inflation)

Why is that? Maybe it’s because half of america is out of work and the working half has to provide for them too.
Stealing from peter to give to paul just makes everybody poor.

Comment on Sticking it to Millennials and young Americans when it comes to wealth: Households headed by those 40 years old or younger see inflation adjusted wealth 30 percent below 2007 levels while older Americans recoup losses. by Nichole Thu, 17 Apr 2014 19:39:39 +0000 The most difficult part of this “recovery” for millennials is the job market. They are forced to work for “pennies on the dollar” to compete with older experienced candidates that are are working longer and for less money.

When these millennials do find jobs with equitable pay the company undergoes major changes within just a few short years and they end up unemployed. As a millennial myself I have moved 5 times since 2008 to stay employed. I stopped working because my husband has been relocated due to consolidation within his industry. It is impossible make commitments to an employer when you end up moving in a year or two and it makes you look “flaky” on a resume.

Companies are merging, buying and selling so quick these days. They have no allegiance to their employees as most often give 60 days notice this is happening. It is simply disastrous to any young couples’ ability to build wealth. And its tiring.

How can the government expect such an unstable generation to carry the burden of an older generation with programs like ObummerCare. These people in government are so far from reality it is aggravating. They have never created a job in their life own borrowed from one generation to the next siphoning off a big portion for themselves in the process.

Since our younger generation is so educated and indebted with indoctrinated beliefs maybe they can come together to fire these tyrants in Washington that are ruining our country. We need a restoration of our founding principles. We need people who know how to fish and do things for themselves. Sadly, I know my generation will be learning the old ways of our great grand parents that lived during the depression. I do not think this is a theory. It is a mathematical fact.

Failing to plan is planning to fail.