Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wages basically didn't grow at all in 2014, according to the Labor Department. The median weekly wage at the end of 2014 was $796 (seasonally adjusted). That's barely changed from the same time in 2013, when the weekly wage was $794.
The usual trend is that as more Americans get jobs, wages rise. So far, that's not happening.
Even the most recent data available for the fourth quarter of 2014 shows that median weekly wages actually decreased $1 from the third quarter if you look at the seasonally adjusted figures.
Related: This is why Obama is so concerned about the middle class
From the big picture perspective, median annual household income in 2013 is essentially the same as it was way back in 1995. It's also 8% lower than where it was before the recession, according to the most recent figures from the Census Bureau.
2014=$54,398 real MEDIAN household wealth.
2015=$57,230. A gain of $2832/yr or $52/wk as you put it.
2016=$59,039. A gain of another $1809 or $34.78/wk., OR from your 2014 figure $4641.
Big pic perspective, wages are rising but it took 8 years to get us back to where we were in 2007.
Historically it's closer to 20/1. What do you think is driving this though?
That's an intriguing question. One possibility is that silver is actually quite widespread as an industrial metal, whereas gold is mostly decorative. One major usage for silver was silver-halide, in conventional (film) photography. Digital imaging killed that. Another usage was in, ahem, silverware. When's the last time that dinner-party guests were supposed to be impressed by knives with silver handles, and silver goblets for swilling alcoholic beverages?
Should we recast (pun intended) the Golden Butterfly as the Silver Butterfly? Hard to say. But it is intriguing....
OMG - the stock market is "only" 25,963! That's "DOWN" from yesterday! GET IN THE CELLAR, HONEY, AND BREAK OUT THE DUCT TAPE AND MREs!!!!
Sheeze, people, markets go up and go down and bounce around. Diversification is your friend. So is objectivity.
Yeah, I'm not too worried about a temporary market correction. Remember the one after Brexit? That lasted about 2 or 3 days and then it was back up again. I think people have forgotten what normal volatility looks like after a year or two of so little.
Yeah, I'm not too worried about a temporary market correction. Remember the one after Brexit? That lasted about 2 or 3 days and then it was back up again. I think people have forgotten what normal volatility looks like after a year or two of so little.
True, but the threat of another Republican led collapse is real. You can't strip regulations, corporate accountability, and consumer protections and expect a long-term steady economy.
We should all feel much less secure under the utterly reckless Trump/GOP.
When the market plunged from 16,000 to 8,000 under Bush II, it F'd over hundreds of thousands of innocent investors nearing retirement. How soon they forget.
True, but the threat of another Republican led collapse is real. You can't strip regulations, corporate accountability, and consumer protections and expect a long-term steady economy.
We should all feel much less secure under the utterly reckless Trump/GOP.
When the market plunged from 16,000 to 8,000 under Bush II, it F'd over hundreds of thousands of innocent investors nearing retirement. How soon they forget.
I don't think politics have anything to do with this, but I'm more apt to blame the last administration.
I mean, what the hell were they doing????
We had all this money coming in when the juiced the markets, yet what was done???
A few people got extremelly wealthy. That's it.
Now what???
Interest rates are rising, so say goodbye to the infrastrucure plan that should have been started at least in 2009.
Now money is flowing out to China. So what the hell did the last administration do? They didn't do ****.
Now what?
Trump was just the fall guy. That's all. Trump was the last hope the US had, but it was too late. Now the globalist will rule America and blame everything on populism. This is their opporutnity to take control after causing a recession.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
