Wednesday, December 10, 2014

WELCOME TO THE RECOVERY – MCKINSEY SURVEY SHOWS 40% OF AMERICANS LIVING PAYCHECK TO PAYCHECK, UP FROM 31% IN 2012

Nothing screams economic recovery like 2 out of every 5 Americans living paycheck to paycheck




by MICHAEL KRIEGER | LIBERTY BLITZKRIEG | DECEMBER 10, 2014


Nothing screams economic recovery like 2 out of every 5 Americans living paycheck to paycheck. Especially when that number has reportedly increased by 33% since 2012.

Perhaps someone should inform these destitute plebs that the stock market is up nearly 45% over the past two years, and after all, nothing says economic success like the 0.01% enriching themselves via fraud and financial engineering.

Here are two of the most sobering findings from the survery:

40 percent of the consumers we surveyed said they are coping with the challenge of living paycheck to paycheck, up from 31 percent in 2012.

Today just 23 percent say they are optimistic about the economy, down from 27 percent at the beginning of the recession in 2009.

If that’s not enough for you, check out these additional excerpts from the summary:

The slow start to the holiday shopping season underlines the findings of McKinsey’s latest Consumer Sentiment Survey. Every six to twelve months since August 2008, we have asked a representative sample of at least 1,000 Americans about their views on the economy and their own financial future, and how these opinions are shaping their buying decisions. The result is a unique data set that tracks how attitudes and behaviors have changed over the past six years. In addition, we have completed nine surveys outside the U.S., giving our data a global perspective.

Here are the salient findings from this year’s survey:

Our report in September 2012 showed that things were looking up for most Americans. Many aspects of consumer sentiment indicated marked improvement. Yet from there, things have either plateaued or gotten worse. Consumers are still worried about losing their jobs (39 percent in 2014), and 40 percent of the consumers we surveyed said they are coping with the challenge of living paycheck to paycheck, up from 31 percent in 2012.

Read more http://www.infowars.com/welcome-to-the-recovery-mckinsey-survey-shows-40-of-americans-living-paycheck-to-paycheck-up-from-31-in-2012/