Is the US Economy Up or Down Today?
I have been reading lately how the United States economy has been showing signs of improvement. I was delighted to hear about that as our economy has been very depressed over the last several years.
However, as usual, the reasons given for this anticipated outcome are very general and some not even understandable or sensible and really do not address the exact reasons for this so called economic revival.
We (the USA) have been a country that seems to use a kind of "drop down" economics. This means that when the upper echelon start making more money, it drops down to the middle and then lower classes slowly, so that even when our Congress is insisting that our economy is rising , very few people are realizing this except for the few in the upper classes, including big businesses.
I remember years ago when I was still working in the medical field that the economy then was working well for many, many people. There were tons of job openings and people who were working were actually making enough money to support themselves and their families.
I was actually doing quite well back then, Not only did I have a good job and a nice savings account, but I was able to do some travelling at that point. I have visited, Florida USA, Bermuda times 3 (I love it there!), Hawaii, with several trips to New York City thrown in for good measure. :)
Today is completely the opposite: there are very few good job opportunities, people (including myself) do not travel as much anymore or they take trips to driveable destinations, watching their dollars ($ USD) very carefully.
As a matter of fact, there are more and more people turning to their computers and the Internet today, than any other time in recent history, looking for ways to make money online
Unfortunately, many have the notion that they can come online and make millions in a few months without doing any work or laying any foundations. (I wonder where they got that idea? :) ) Plastered all over the internet are ads and claims that "if you join me, I will show you how to make big money online, only a half an hour a day, no experience needed etc., etc."
Too many people believe everything that they read and unfortunately, that is a big reason as to why there are so many failures in online money making which in turn leads them to imminent failure.
In conclusion, I think that our economy will take a long time for any drop down economics to finally be beneficial for this country. I have not experienced anything that would lead me to believe that our economy is "picking up".
I have websites and businesses online that I have put a lot of work into, laying the foundations and climbing that steep learning curve for Online Marketing. I have and am now experiencing the building blocks needed to maintain my businesses and websites.
Here is to the US economy and the hope that we do see it rising... soon.
Recent Comments
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How the economy is doing depends on whether you are a 5%er or 95%er. For the 5%ers it's better than ever and not so for the rest of us and it's not going to change anytime soon.
At least not until people realize that the industrial age is over and we are in the information age now. This is why I promote starting an online business.
The only thing I rely on is prayer! And yes there is a strong enough grass roots movement in prayer that this country will yet see things improve!
I could understand, I speak my mind too. that doesn't mean people will listen. I will settle for half the salary I use to make if it meant a better economy would stabilize, but as you and I both know that too will take a generous amount of work. Very strong words. Thanks
"Trickle down" economics is a myth, it has never worked and never will. If you're heavily invested in the stock market things could not be rosier, if you're not investing in the stock market it's not so rosy.
Personally I've got all of my disposable income tied up in real estate and commodities (IE: rent & food).
So, is the US economy up or down, for the richest 1% it's way up.
The richest 400 people in the US made $300 Billion in 2013. I expect they're doing much better today.
How did you do?
Keep hoping, but taking action is better.
Let me clarify this for you.
Billionaires gladly pay millions to avoid paying taxes on their billions. Wouldn't you if you could? So, they pay less than you do percentage wise, or less than their fair share. How much is trickling down?
Next, the rich don't spend everything they earn, they can't. To create true wealth, you live off a small percentage of the Interest your Investments earn. The rest of the money is re-invested or stored away in tax-free trusts for future generations. That's not going to trickle down to you now is it?
Expect the talk for the next Presidential election to be, "Redistribution of Wealth" from both sides. It will just be talk because the rich don't want to give up what they have to you.
You want it, you better go out and earn it. It's not going to trickle down to you or me. Never has, never will. Sorry.
Really, Really thorough, thanks so much Phil. Has never thought about it through this perspective. You really know your stuff :)
Oh yeah, if I'm so smart how come I'm not rich? ;^)
The simple fact is I know the game and I know who the winners and who the losers are. If you're not one of the Top 1% you not only are a "Loser" you're using up too much of their precious resources.
To them, we are expendable, dispensable, disposable, superfluous, nonessential, unneeded, not important, excess.
I was trying to be facetious, readable to many and controversial th the samt time. I am not sure if I did that or not, Phil...lol
Trickle-down economics - what a joke!
Rich keep getting richer, poor keep getting poorer.
... all I want to see is FAIRNESS - hard to find.
And don't believe the unemployment statistics - the numbers are deflated, and what jobs there are (generally speaking) are low paying - so you need 3 of them just to get buy.
... why it's so hard for people to do the right thing I will never understand (those in power and in a position to really make a change) - I have always despised greed in any form.
Right-on Phil!
ps - oh, and the stock market, nothing more than those with LARGE capital "playing and swaying" the market intentionally, and a lot of it with what I will call fake money - derivatives etc.!
... little guy doesn't usually stand a chance.
I do agree with you. and the divide between the classes is getting larger and larger where if nothing is done, we will only have 2 classes, the wealthy and the poor. The middle class will be lost thanks to an uncaring, greedy Congress. Thx for your comments.
I really hope that the drop down economics become beneficial to the US as well, I feel like our economy really needs the extra push. You were right about the scam artists as well, people are just so convinced that you can make money instantly without having to do much for it, but that is not the case. Like you said, you first have to establish the foundations, and the main thing is that you have to keep reinvesting your time into your business. It's not just a matter of laying foundations but being persistent as well. Thank you for this wonderful blog, really enjoyed reading every detail :D
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I think that the only way to make sure you'll be okay in this economy is to have your own streams of income. I also hope that the economy rises, but I don't see that happening anytime soon. Great post, thank you for sharing:)
Thanks, yes, I'm with you.