$DRI - 5 reasons you are poor - By Catey Hill, MarketWatch , Quentin Fottrell! These fun facts are interesting! Some American workers may finally see an increase in their salary, according to a report in The Wall Street Journal, as several companies -- including Chipotle Mexican Grill (CMG) and Darden Restaurants (DRI) -- report upward pressure on wages. Whats more, household net worth rose to $80.6 trillion in the fourth quarter of 2013, up from $70.83 trillion for the same period in 2013, an increase of nearly $10 trillion over the last four quarters, thanks to rising values of homes and U.S. stocks, according to the latest U.S. Federal Reserve data. [And Barack Obama]! It wasnt this good when George W. Bush was in office, although I respect the man! Here are five reasons Americans still feel poor: Childcare costs surge, Rent-to-income ratio. For example, Many young Americans are stuck between a landlord and a mortgage broker: They cant afford to save for the down payment for a home, partly because a large portion of their income is being eaten up by rent. Indeed, around half of U.S. renters spent more than 30% of their gross income on rent (the traditional measure of affordability) in 2010, up a record 12 percentage points from the 38% of households grappling with such high rent-to-income ratio a decade prior. Marcel Mcduck making duckets!!! #LandLordLife #BusinessOwner! Also, student loans, and savings. For example, Theres a reason your savings doesnt seem to be growing all that much: interest rates. Theres been a dip from top-tier interest rates on savings to around 1% today -- from 5.3% in October 2007, according to Bankrate. Wow! Furthermore, wages! For example, Youre not crazy: Your salary really does buy less of many things these days. A study by the Economic Policy Institute published last year found that the median worker saw wage growth of just 5% between 1979 and 2012, despite productivity growth of 74.5%. [we need more people to invest in corporate america. For example, if investors buy more us stocks instead of other stock from other countries, business would expand rapidly. However, after the 2008 financial crises bush caused, how can you blame investors for investing in other countries!] #BringBackTheMoneyToUSACompanies!! Meanwhile, prices on some key items have jumped. Fuel prices, for example, have risen to more than $4 a gallon, up from around $2.50 in 2007, and food prices, thanks in part to the drought in California, have climbed steadily just this year alone. Wow! #InterestingFunFacts #SaveAndInvest darden
Posted on: Sun, 15 Jun 2014 03:00:18 +0000
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