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Recent NorCal Blogs Posts
Those really were the Wonderful Years.
It is fun to think back to the carefree years.
I know every generation, as they grow old, looks back and declares their youth as so much better than “today” and in America for the most part that’s been true. Even the depression/WWII generation remember their young years fondly. They didn’t have TV and had to entertain themselves; maybe that’s the key.
I imagine this generation willalso look back fondly even though they face a world of unprecedented danger, economic uncertainty, and changes that seems to move at the speed of light.
As an older American I’d like to participate in what needs to be done to restore stability and economic opportunity and growth so they can look forward to better times.
We also were probably the last generation to have a free childhood. We could go out and play with our friends unsupervised. Sometimes we took our sling shots, BB, pellet, and 22 rifles to target practice with. We could leave after breakfast and be home for lunch or pack something to eat and be home for dinner. Then we could go outside and play until the streetlights came on or if our street didn’t have lights it was the porch light.
I remember the huge 4th of July block parties with food, games and enough fireworks to go on for hours. It was fun and a great way to spend more time with your neighbors who you already knew. My kids, generation X, did have a couple of years to enjoy the life I grew up with but their kids have no idea of the fun they missed.
With 94 million unemployed and underemployed workers and 45 million living in poverty today out of a 320 million total US population today’s kids are very lucky to have a roof over their head and food on their table. Compared to my childhood when the homeless was almost nonexistent and something I read about occurring during the Great Depression not in the local newspaper or watched on national news.
75% of parents today believe their children and future generations will not have a better life than they had/have. Everyone says they care about their future, but not enough will make the sacrifices it will take to ensure they will. It would be very interesting to read future history books to see how these times are evaluated and the impact it had on the economy and their lives in general.
Then we get the latest stats on just how bad it is and how much worse it’s gotten since Obama took office.
Incomes 6.5% Lower than When Recession Began, Down 1.5% Since Last Year”
Black households see largest decline
“Median household income declined to $53,657 in 2014, a figure 6.5 percent lower than in 2007, the year before the recession began, and 1.5 percent lower than last year, according to data released Wednesday from the U.S. Census Bureau.
From 2007 to 2014, median household incomes declined by $3,700. From 2013 to 2014, the decline was $805.
According to the Census, median household income divides the income distribution into two, so half of incomes are greater, and half of incomes are less than the median.
In 2014, median incomes were $56,866 for white households, $42,491 for Hispanic households and $35,398 for black households. Since the recession began, black households have seen the largest decline in incomes, declining by $3,273—or 8.4 percent.
White households saw the second largest decline since the recession, declining by $2,640, or 4.4 percent. Hispanics saw a 3.8 percent decline in incomes in the same time frame.
From 2013 to 2014, median household incomes declined for both white and black households, but increased the most for Hispanics. Incomes for white and black households declined 1.4 percent from the previous year, while Hispanics saw incomes increase 5.3 percent.
The Census also finds that native-born households, those where the householder was born in the United States or other U.S. territories, saw their median incomes decline 2.3 percent in 2014.
Foreign-born households, which include either naturalized citizens or non-citizens, saw their incomes increase by 4.3 percent in 2014.”
http://freebeacon.com/issues/incomes-6-5-lower-than-when-recession-began-down-1-5-since-last-year/