The
economic picture in the United States gets worse with each passing day
of the Obama administration, and families are especially hard-hit.
While the damage is already devastating, the ramifications will
continue wreaking havoc on today's children when they are adults
starting their own families.
Comedians refer back to President Obama's 2008 campaign theme, "Hope and Change," declaring that most of us can only hope to have some change left after paying bills. A survey of 1,100 Americans taken in October 2012 showed that 41 percent of respondents did not have more than $500 in savings at the time of the survey, which included "dual-income earners with ... big mortgages and big credit card bills." Further, 54 percent had no savings plan, and 45 percent thought they would never be able to save money.
The picture did not look any better in June 2013, when a survey of 1,000 adults found that 76 percent are living paycheck-to-paycheck. Half of those surveyed had less than a three-month cushion in savings, and 27 percent had no savings at all.
Comedians refer back to President Obama's 2008 campaign theme, "Hope and Change," declaring that most of us can only hope to have some change left after paying bills. A survey of 1,100 Americans taken in October 2012 showed that 41 percent of respondents did not have more than $500 in savings at the time of the survey, which included "dual-income earners with ... big mortgages and big credit card bills." Further, 54 percent had no savings plan, and 45 percent thought they would never be able to save money.
The picture did not look any better in June 2013, when a survey of 1,000 adults found that 76 percent are living paycheck-to-paycheck. Half of those surveyed had less than a three-month cushion in savings, and 27 percent had no savings at all.
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