#MAGA: 25% Of Households Have Less Than $400 In Savings, Nearly One-Third Struggle To Afford Food

We’re told that everything is peachy and the economy is roaring as if it’s the mid-to-late 1920’s.

Problem is, I’m not noticing anyone other than major Jewish plutocrats and the pampered top 10% or so receiving gibs courtesy of Wall Street and major investment firms.

Everyone else is still pretty much struggling to make ends meet – a harder and harder task as prices in the suburbs rise due to the encroaching Colored flood.

CNBC:

Financial stress visits renters more than homeowners.

That’s the main takeaway from a new report by the Urban Institute, a nonpartisan think tank in Washington.

Rental costs are rising much faster than renters’ salaries. Between 1960 and 2016, the median income for a renter grew by just 5 percent. During the same period, the median rent ballooned by more than 60 percent, according to The Joint Center for Housing Studies of Harvard University. (Both figures account for inflation.)

To be sure, buying a house has also become harder for many Americans — to do so now costs four times the median household income. The homeownership rate fell to 63 percent in 2016 – the lowest rate in half a century.

Like the racial census data, this number is actually quite skewed when you study the raw data.

Baby Boomers and older Generation X men and women (who enjoyed a far better overall economy back in the day) are included in this number, so one can deduce quite easily that the younger folks are reeling from the start of adulthood onward.

Half of renters in the survey reported a material hardship in the past year, compared with one-third of homeowners.

More than one-quarter of U.S. renters in the survey were not confident they could cover a $400 emergency. Around 18 percent of homeowners reported low emergency savings.

This news actually scares me considering the fact that in many sectors of the economy, we’re living in a job-seeker’s market.

Because if that’s the case, I think we’re going to be in for a very nasty time if and when this latest bubble goes a-popping – my personal prediction is that credit card debt and bloated personal loans will be one of the prime causes for the next collapse.

About Marcus Cicero 593 Articles
Proud White Man, devoted husband and father, and Occidental Dissent contributor.

16 Comments

    • Possibly true, although when it comes to food, Whites are much more likely to struggle than non-Whites in the same economic category.

      Whites are far more reluctant to turn to government aid, whereas non-Whites could burn through $10000 on EBT a month if given the chance.

      • Good post Marcus. I would add that most of the jobs I see advertised in my neck of the woods are restaurant or retail -less than $10 an hour, low/no benefits, and maybe not full time. One cannot support a family on a job like that, and wills till struggle if both man and wife work one. But the stock market and Wall street are looking wonderful…

  1. One third struggle to find food? In the United States?
    The US is the fattest country on Earth.

    The average person is an idiot when it comes to money (I actually talked to people who thought millionaires and billionaires got that way by playing the lotto and getting credit card rewards and scores).

      • Go live in rural India and find out what a real poor man’s diet looks like, they would like to have an “industrial diet,” whatever that is. Jim’s Blog has been pointing out that entryists (see Carlylean Restorationist) are pretending to be “my fellow reactionary”, “my fellow Muslim,” “my fellow alt-rightist.” Looks like (((Bill Kristol))) and the National Review are now too obvious as a controlled opposition. Academic marxists are now posing as new controlled opposition. But they give their game away. An example is an insisting on the Marxist definition of class instead of the reactionary definition of class. Another is using anti-human terminology such as “ecocide.”

        A suspected entryist wrote an article in counter-currents decrying space travel and advocating that White people live as iron age peasants (Space: The Final Capitulation)… I wonder if President Xi was paying him.

      • Jewish controlled agribusiness and food conglomerates are poisoning us and making vast profits at the same time. People are digging their oen graves eith their teeth, because toxic garbage passes for food. Just like Jewish controlled Big Pharma corporations

        • Processed food is as ancient as civilization itself. When it became obvious that the food stamp program was ridden with waste, fraud and abuse (obese “poor” people is obvious, compare to photos of actual poor Americans from the 1930’s Depression or today’s rural India), academic marxists made up yet more anti-concept terms for their propaganda. “Industrial diet,” and “food deserts.”

          See Carlylean Restorationist’s comments on Jim’s Blog calling for banning pizza.

  2. Thank you for bringing this up. I see people all over DS raving about the economic upturn brought about with the Trump presidency, and Trump himself never fails to bring up the “all time lows” of “black and Hispanic unemployment” (which is met with cheers by the crowd of boomers attending his rallies)- Yet I have seen no major financial changes whatsoever. The area I’m in, once a bustling centre of manufacturing, is still as economically dead as it was prior.

    • esotericism said, “The area I’m in, once a bustling centre of manufacturing, is still as economically dead as it was prior.”

      @esotericisms

      You misspelled “center.” Trump doesn’t control British economic policy.

      Carlylean Restorationist, is that you?

  3. Government these days are mostly concerned with foreign wars, foreign aid to Africa and money towards assimilation programs for invaders. As for its own people……they couldn’t give a shit.
    Wealthy joooo$ spit on people like us.
    In my country, we have homeless returned veterans who went and fought in their poxy wars….and are now forgotten like they’re nobody. We have elderly people who struggle on their pensions with general living costs. We have Asians outbidding us at house auctions.
    We can no longer solve these issues politically. Its well past that.

  4. they will keep the older people happy and younger people unable to afford children. this is their end game. stock market crash would be a revolution. they wont do it till they already lost. they learned there lesson last time doing that

  5. Truth be told, I willy-nilly voted for Donald Trump; he won! Fact of the matter is, there is a division taking place amongst bread earners. Middle class is slipping into poverty. One would think there’d be a percentage of middle class that would be elevated and become part of the upper 5% bread earners but that isn’t at all the case. Manufacturing jobs that are being reported by the White House are in fact foreign owned and operated. Worse part about companies returning back to the United States is their hourly pay scale. The days of Union pay: $25 an hour or higher are over! The jobs that are returning to American soil are paying $12 an hour. It’s horrible to think that POTUS actually buys into this façade. One has to wonder if there is any equality left between the large states and the small states. I suppose I’m just a dissatisfied voter on this subject matter.

    • @David McKnight

      Most people won’t be “upper 5% bread earners” for the same reason that 50% of the people will always have below average intelligence. Most can’t do math. Your post indicates that you’re bad with basic math. Most people are bad with money (think “rent-to-own furniture” and credit).

  6. It’s silly to blame Trump (or anybody else) for these figures. Give these boneheads a million dollars each and most will probably be in the same position 5 years from now.

    There is treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up. Proverbs 21:20

    “A fool and his money are soon parted”

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