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Economics Discuss A decade after the recession, 40% of U.S. families still struggling at the Political Forums; A decade after the recession, 40% of U.S. families still struggling 40 percent of U.S. families, including middle-class households, sometimes ...

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Old 05-13-2019, 04:34 PM
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Default A decade after the recession, 40% of U.S. families still struggling

A decade after the recession, 40% of U.S. families still struggling

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40 percent of U.S. families, including middle-class households, sometimes struggle to afford housing, utilities, food or health care, according to the Urban Institute.
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Nearly 1 in 5 families said they had experienced difficulty paying for food or medical care.
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About 60 percent of low-income people surveyed by the nonpartisan think tank said they couldn't pay their bills at times.
Four in 10 Americans sometimes face what economists call "material hardship," struggling to pay for basic needs such as food and housing, according to a new study from the Urban Institute. Even middle-class families routinely struggle financially and are occasionally unable to pay their bills.


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The finding is striking given the U.S. has experienced a decade of economic growth in the decade since the recession ended. The unemployment rate is at its lowest in half a century, and the stock market has enjoyed a decade-long bull run. But for many Americans, incomes haven't kept up with the rising cost of necessities such as housing and health care, resulting in financial anxiety.
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About 39 percent of Americans ages 18 to 65 experienced at least one type of material hardship last year, statistically unchanged from the 39.3 percent who suffered hardship in 2017, the nonpartisan think tank found. The study spans the first two years of the Trump administration, as well as the first year of the tax overhaul. Yet there was little progress easing the financial challenges experienced by U.S. adults last year, the Urban Institute said.
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"The modest declines in hardship during the current favorable economic environment suggest further progress will require additional policies to raise and stabilize incomes, offset the cost of essential expenses and protect families against adverse financial shocks," the study noted.
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The Urban Institute started tracking material hardship in 2017 ahead of proposed cutbacks in federal safety-net programs, such as proposals to add work requirements to food stamps and Medicaid. Some U.S. states have already moved forward with such plans, such as Maine's work requirement for its food stamp recipients.

The think tank is revisiting the survey each year to measure changes in how American families are are faring financially. The study surveyed more than 7,500 adults about whether they had trouble paying for housing, utilities, food or health care.
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The hardships experienced by U.S. families underscores that income is only one part of the equation, the Urban Institute said. "It is also important to consider the cost of major expenses such as housing, utilities, child care, transportation and health care" on household budgets, it noted.

Food insecurity and medical bills remain a sticking point for many families, with nearly 1 in 5 families saying they had experienced difficulty paying for food or medical care.

But the researchers found that even middle-class families are struggling with the bills. Almost 1 in 3 households that earn at least twice the federal poverty level -- equivalent to annual income of $50,200 for a family of four -- say they struggled with meeting basic needs. The bills that caused them the most trouble -- medical and food costs, the study found. About 1 in 7 middle-class families said they struggled with medical bills or didn't receive medical care because of the cost.
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To be sure, low-income families -- those earning less than twice the federal poverty level, or less than $50,100 for a family of four -- are struggling most. About 60 percent of those surveyed said they struggled to pay their bills, with 53 percent reporting paying more than half their income on housing, considered a severe housing burden.

"These housing-cost burdens are likely to constrain low-income families' ability to pay for housing and other essential expenses, such as food, medical care, transportation, and child care," the authors noted.
Obama told us the truth that this is a transition and some jobs would never come back but that we had help till things got better; Trump lied to us, said those jobs would return and we didn't need help.
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Old 05-15-2019, 07:52 AM
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Default Re: A decade after the recession, 40% of U.S. families still struggling

The Urban Institute is a hard Left Progressive organization founded to promote LBJ'S great Society. They haven't strayed fro their roots with their staff donations about 90% to Democrats.

The OP is nothing but a partisan rhetorical rant filled with evocative but hollow phrases like "struggle to pay bills" ot "experience difficulty paying for food" or food insecurity. These catch phrases rely on emotional perceptions rather than hard data.

The article makes the profound assertion that lower income people have more struggles paying Bill's. Wow, who would have thought that.

The survey that serves as the centerpiece of the OP is of households with incomes around twice the poverty level, around $50k. This ignores the increase in median household income under Trump meaning low income families have done better under Trump's policies. There is also no attempt to find out how many families came up to this income level recently.
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Old 05-15-2019, 10:19 AM
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Default Re: A decade after the recession, 40% of U.S. families still struggling

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Originally Posted by saltwn View Post
A decade after the recession, 40% of U.S. families still struggling

Four in 10 Americans sometimes face what economists call "material hardship," struggling to pay for basic needs such as food and housing, according to a new study from the Urban Institute. Even middle-class families routinely struggle financially and are occasionally unable to pay their bills.

Obama told us the truth that this is a transition and some jobs would never come back but that we had help till things got better; Trump lied to us, said those jobs would return and we didn't need help.
So the 2.3% wage increase this year is an illusion. 40% of Families 'struggling', food insecurity, having trouble paying their bills, and so on.

How much data was compiled, and when? The linked article says this....
Quote:
The Urban Institute started tracking material hardship in 2017 ahead of proposed cutbacks in federal safety-net programs, such as proposals to add work requirements to food stamps and Medicaid. Some U.S. states have already moved forward with such plans, such as Maine's work requirement for its food stamp recipients.
Quote:
The study surveyed more than 7,500 adults about whether they had trouble paying for housing, utilities, food or health care.
Who were these 7,500 adults, where were they, demographics please... oh, not available? Links to the studies? Oh, not available either?

So tracking this data since 2017, with a 7,500 adult survey of a population of a couple of billion people, statistics and demographics unknown, and we should quiver in our boots, wail and beat ourselves about the head?

No thank you. Virtually everybody I come in contact with, from all walks of life - financial, religious, gender, and identity groups, are in better shape now than 10 years ago. Not perfect, but doing better.

The sky is falling!
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Old 05-15-2019, 11:58 AM
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Default Re: A decade after the recession, 40% of U.S. families still struggling

This is standard fare for the media...

At any given point, there are plenty of people (as in "millions") that are struggling to make ends meet, and plenty of people (as in "millions") that have passed the point of struggling...

When a Democrat is in office, the former is virtually non-existent when it comes to news articles, and the latter is focused on...And (of course), when a Republican is in office, the reverse...

"Obama's in office?...No stories on the on those financially hurting! Talk to the ones that are winning!!!"

"Trump's in office?...No stories on the on those who are winning! Talk to the ones that are financially hurting!!!"


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Old 05-15-2019, 12:15 PM
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Default Re: A decade after the recession, 40% of U.S. families still struggling

Quote:
Originally Posted by cnredd View Post
This is standard fare for the media...

At any given point, there are plenty of people (as in "millions") that are struggling to make ends meet, and plenty of people (as in "millions") that have passed the point of struggling...

When a Democrat is in office, the former is virtually non-existent when it comes to news articles, and the latter is focused on...And (of course), when a Republican is in office, the reverse...

"Obama's in office?...No stories on the on those financially hurting! Talk to the ones that are winning!!!"

"Trump's in office?...No stories on the on those who are winning! Talk to the ones that are financially hurting!!!"




Same thing with the homeless.

None when Obama was Prez, Now under Trump, they are everywhere.

Well not exactly. Mostly in the blue Cities. Like Pelosi's San Francisco
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