The bad news is that hourly wages have declined. Look at the first chart, and you’ll notice that’s even true for the top quintile! In other words, ThinkProgress is soft-selling the fact that most of us — on average — are making less per hour in favor of pointing out that those at the very bottom have it worst.
So then, how can CNN turn around and tell us that wages are up? Two things. First, they mean that median income is up, which can be explained away by more people working and people working longer hours. Second, even they admit that “the gains are not spread evenly“.
So the Very Intelligent People are wringing their hands over the fact that none of us seem to have much savings, and don’t we know we will retire one day, the fact is that for many average people, these savings tips are a cruel joke. Ha, put aside 10-13% for retirement, and reduce your debt (heh), and “Don’t make emotional purchases”? Emotional purchases like what, replacing the dead transmission in the car so you can get to work? Maybe if we just teach the middle and lower class how to manage their money better somehow they can magically make all their bills less.
When one in seven people are at the food bank, they don’t have anything to put aside at the regular bank for a rainy day; it’s already pouring.
In Closing: support staff; No Fly; bulldozer improvements; grittier than Melissa Gilbert’s portrayal; and no, this will not do what it advertises. There is no such thing as a master list of sexual predators; there is only a list of people who have convictions for certain crimes involving genitals. Ways to be put on this list include having a significant other who is underage (even if they lie about it), peeing in the wrong location, or happening to be naked in one’s own home. Schools that use this system will wonder why parents aren’t lining up and spending $20 for a background check and the honor of being allowed to chaperone a field trip or shelve library books.
So wages are UP? Don’t make me laugh. But in any event, working folks have had more/better increases than Seniors with Social Security! Evidently Nobody cares about seniors. As to our ‘savings’? Don’t make me laugh. With inflation as high as it is [and it is high] our savings aren’t worth a hoot. We need to wake up, and question what the ultra liberal news tell us. Surely Americans are smarter than that!