Comments on: Finally, your first Blog! Have fun!

By: BlkSab4712

BlkSab4712 — Fri, 04 Dec 2009 02:43:53 +0000

According to an article by Joshua Zumbrum in Forbes, “The freshest data suggest the labor market is still worsening, but much less quickly.” Although the stimulus packages we have received have helped a bit, it has yet to transfer to the job market. The US needs to focus on job creation so the American people can actually have some money to spend to boost the economy.

By: Awesome

Awesome — Fri, 04 Dec 2009 01:51:12 +0000

The decrease in overall middle class income is going to have a huge negative impact on the overall U.S. economy. The middle class makes a huge impact on the economy because they are the majority. This will have a negative impact on consumer spending because the majority of consumers are middle class. They will not have the extra money to spend on the things they want they will only be able to buy the things they need.

By: avalanche324

avalanche324 — Mon, 16 Nov 2009 00:32:53 +0000

I believe that the sever decreased income of middle income Americans is greatly going to impact consumer spending! When family don’t make as much they cut back to save. A great example of this is the Verizon commercials. One shows a father shutting off the hot water in the shower, eating dinner in the dark, not driving as far. These are all very serious things that people are doing now. And for effects in the long run, I feel when the economy is back on track and family’s are making ends meet, they will still be more efficient with everyday doings. Such as turning lights off and buying more efficient cars.

By: Lisa T

Lisa T — Sun, 25 Oct 2009 14:10:10 +0000

Middle aged Amerians make up of most of the Americans in the US. At this point, I believe it will get worse before it gets better. I also believe that because the incomes and pay rates are so low, the spending habits of American may change for the more luxuary items vesus the incidentals that are required for daily living. Once the income and pay rates stabze and Americans begin to start purchasing more luxuary items the ecomomy may change and begin to get better, but I also think that after the scare they have experienced with the income issues, American may start to be cautious of the purchases. I believer this is one big circle and will continue as time goes on.

By: unbroken

unbroken — Sat, 24 Oct 2009 20:55:02 +0000

What kind of impact are middle income Americans likely to have in the US economy going forward? Many Americans are going to be spending less on luxury items which could hurt key industries and sales taxes which will affect local governments the worst. However Americans will most likely save more and continue to use borrowed money out of necessity which will be good for the recovery of American banks. In the end we can expect cheaper prices on non-necessities, an increase in local taxes; such has property taxes, or perhaps an even greater tax on necessity items.

By: sammydog

sammydog — Mon, 19 Oct 2009 22:49:11 +0000

The middle class has already sufferd enormous cut backs and budgeting within this past recession, which has made comsumer spending drop in ratings. According to the USA Today, 1.6 million “middle class” families have filed for bankruptsy. On average a four person household is spending 21% less on clothes and 22% less on food according to the USA today. The middle income American families have been trying to come back from all this, but seem to be getting nowhere because of recent debt and job cut backs. The working middle class American families have a long road in front of them but with the numbers starting to go up, it looks like the clouds might actually start to be clearing.

By: kinoa01

kinoa01 — Tue, 06 Oct 2009 13:55:54 +0000

It appears that a significant number of the “unemployed” will be losing their elegibilit. For unemployment compensation. I know that unemployment numbers are adjusted downward for those who no longer file for unemployment. Will this loss of elegibility distort the unemployment numbers since these people would like to file but cannot be filed

By: ShawnT

ShawnT — Thu, 24 Sep 2009 14:10:43 +0000

Middle income americans are the base for the economy. Which means that as long as the middle class are spending money then the economy will be in a good situation, Unfortunetly this is not the case now since more and more middle class americans are getting laid off of their jobs than their spending habbits are going to decrease dramatically as well as the unemployment rate is increasing. Until more Americans go out and get jobs in order to get off unemployment then we will not being seeing a big change in the economy. This is going to impact consumer spending immensly since middle class income is the main structure for the economy. Until these people find away to break this cycle then there will not be any drastic changes in the near future with the economy.

By: ShawnT

ShawnT — Thu, 24 Sep 2009 14:00:04 +0000

tesing1

By: Fellowsm

Fellowsm — Mon, 21 Sep 2009 16:54:40 +0000

What kind of impact are middle income Americans likely to have in the US economy going forward? How will this impact consumer spending which represents about 2/3 of the US economy?

Middle income Americans, in my opinion, have tightened their wallets and will continue to do so until they feel comfortable enough to spend. CNBC states,”Consumer spending, which represents ~70% of GDP, hit a 17-month low in February” these numbers were increasing 5% every year annually until the drops in spending. Consumer spending will slowly make its way back, people are finding alternatives to luxuries, such as spending a friday night at home watching a movie and eating dinner instead of going out to dinner and a movie. The unemployment rate of 9.7%(bureau of labor stats) is causing much of the loss in consumer spending and until that increases consumer spending will not. Middle income Americans are spending less and without more money not much is going to change.