The front page of today’s Investors Business Daily newspaper has some interesting facts about our recovery which will have one ask “recovery? Really?”. The graphic display nicely spells out the nasty undercurrents.
Real Median income (Purple line) is 3% LESS than it was in 2009, suggesting that despite any gains in created opportunity, the income of an average American is 3% less than it was in 2009.
Gas Prices are up over 40% for the past 3 years. This is eating its way right through our Purchasing power.
Food Stamp enrollment is up 25% – Never a positive sign. More and more Americans are requiring Government aid just to eat
Labor Force enrollment – That amount is up 15% – This may reflect the aging demographic of our Country, as more people are hitting their 60’s than ever before, some retire from the workforce and take part time or supplement their income with free-lance work.
Bottom Line : While the stock Market is at all time record highs and the real estate market has made a healthy recovery from where it was, the average American is in no better economic shape than it was 5 years ago. While more Americans may be employed, they are earning less and have even less to spend.
What does this mean for you? Your Business?