Sound Off: World Views and The Empowerment Factor

Co-Creating our Future

New Fed report finds that only the rich are thriving

Leave a comment

A new comprehensive report by the Federal Reserve finds that most Americans’ incomes have fallen since 2007, and the recovery hasn’t brought them back.

This post comes from Marilyn Lewis at partner site Money Talks News.

Money Talks News on MSN MoneyThe verdict is in on the economic recovery, and it’s what you may have suspected: The only Americans who have really recovered are wealthy ones.

Businessman with cigar © Juice Images , SuperStockThe majority of U.S. families could not even handle an unanticipated expense as small as $400, Federal Reserve Chair Janet Yellen says a new Federal Reserve survey has revealed. Those families would need to sell something, borrow or not pay, she said.

Financial crisis looming for many families

“For many lower-income families without assets, the definition of a financial crisis is a month or two without a paycheck, or the advent of a sudden illness or some other unexpected expense,” Yellen said, speaking to the Corporation for Enterprise Development, a nonprofit organization whose goal is financial independence for lower-income families.

She described more findings from the Fed’s Survey of Consumer Finances, a major study done every three years. This year’s study is called “Changes in U.S. Family Finances from 2010 to 2013: Evidence from the Survey of Consumer Finances” (.pdf file). Among the findings:

  • The median net worth of the bottom 20 percent of U.S. households, some 25 million households in the lowest income bracket, was just $6,400. The median is the point in the middle for the group; half had a net worth that was higher, and half were lower.
  • Many of those families had no savings at all. For some, their debts exceeded assets.
  • The families in the bottom 40 percent in income had lost household wealth since 2010. “One reason is that income has continued to fall for these families,” she said……more
Advertisements

Author: peterjocis

Understanding: .................... Understanding disolves the pseudo dichotomies revealed by StarSteps, with scientific validation of the age old philosophies surmised by Walter Russell and Judge Thomas Troward, merging physics and metaphysics (Plato’s suggestion); Understanding the radius of curvature, symbolized by our ancestors with the circle & sine wave, un-hides the hidden variables, removes the foundational problems described in The Trouble With Physics, and as previously stated, leads toward self recognition of very advanced and practical solutions to contemporary “issues” on the tripod of reality - physical, mental/social, and the vague spiritual dimension revealed by the ‘zero point’ of no time, no space, also found in the realm of advanced martial arts and meditation. ......................... The statement from a well known book, “Let there be Light” is now enhanced with far more practical meaning: Light’s velocity, converted into an energy differential is the measure of the radius of curvature of all natural law; This same energy differential (VC) is the total energy contained in each and every gram of atomic mass. It could be said, everything we see and touch is light in motion or light stationary. ............................. http://evolution-intelligentdesign-survival.blogspot.com/2010/01/its-musical-universe.html . Evolution, unimpeded, does not create the conditions of today. .......................... Reference links: • StarSteps Part one http://www.fuel2000.net/starsteps1.pdf • StarSteps Part Two http://www.fuel2000.net/starsteps2.pdf • StarSteps Part Three http://www.fuel2000.net/starsteps3.pdf • http://www.fuel2000.net • http://freedomtimes.blogspot.com • http://evolution-intelligentdesign-survival.blogspot.com • http://evolution-intelligentdesign-survival.blogspot.com/2010/01/its-musical-universe.html .............................. Aside from the cold fusion, zero point, sympathetic vibratory physics and StarSteps pdf links provided in the original post, those interested in further exploration where the QC radius of curvature sheds credible insight: ............................ • Dr Brian O’Leary - The Sustainable Technology Solution Revolution: http://www.brianoleary.info • The New Energy Movement http://www.newenergymovement.org • Cal Physics Institute - Zero Point Energy http://www.calphysics.org/index.html • Cold Fusion http://coldfusionnow.org • Dr Paul LaViolette (subquantum kinetics) http://etheric.com/LaVioletteBooks/Book-Secrets.html • Shedding light on Walter Russell http://www.svpvril.com/mus

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s