|
|
| Why the average male can no longer cover basic expenses for his family (1702846) | |
 |
|
| Home > OTChat | |
[ Post a New Response | Return to the Index ]
|
| (1702846) | |
Why the average male can no longer cover basic expenses for his family |
|
|
Posted by https://salaamallah.com/ on Wed Feb 26 23:12:46 2020 FOX !!!!SO IT HAS TO BE TRUE DAVE TRUMPS ECONOMY AT WORK Why the average male can no longer cover basic expenses for his family While the U.S. economy is strong – and wages are slowly increasing – many middle-class Americans are still having trouble affording basic necessities. A new study published by The Manhattan Institute offers one explanation as to why the average male earner is unable to provide for his family, detailing a disparity between the rise in costs and wages over time. The study centers on what author Oren Cass calls a “Cost-of-Thriving Index,” which is based on the cost of housing, health care, transportation and education. It calculates the number of weeks per year it would take the average worker, earning the median weekly wage, to earn enough to cover the total value of those basic expenses. TRUMP'S BLUE COLLAR BOOM: EARNINGS RISING FASTEST FOR LOWEST-PAID WORKERS, PRESIDENT SAYS In 1985, it would take the average male worker 30 weeks to cover those costs. He was earning $443 per week and his total costs were valued at $13,227. In 2018, it would have taken the average male worker 53 weeks to cover those same basic expenses – or more than a year. Costs for the four basic necessities had risen to $54,414, while the median weekly wage rose to $1,026. So while wages had just about doubled, costs had more than quadrupled. “The COTI shows a declining capacity of a male full-time worker to meet the major costs of a typical middle-class household,” Cass concluded. AMERICANS 'RADICAL OPTIMISM' ABOUT HOMEBUYING PROSPECTS BUOYED BY RISING INCOMES For women, the problem was even more exacerbated. In 1985, a woman would need to work 45 weeks to cover those same expenses. By 2018, she would need to work 66 weeks. The study focused on males since they have earned – and still earn – higher average salaries, and this group has traditionally been recognized as the breadwinners. Cass noted that families have found “workarounds,” including relying on government support. But those workarounds come with their own costs. “Recent decades of economic growth have eroded, rather than reinforced, the American model of thriving, self-sufficient families,” Cass wrote. “The decades to come will need to do better.” READ MORE ON FOX BUSINESS BY CLICKING HERE As previously reported by FOX Business, half of Americans said they expected to live paycheck to paycheck this year. That is despite the fact that wages have begun to pick up for low-income Americans. According to data from the Federal Reserve Bank of Atlanta, wage growth among low-wage workers has recently outpaced that of high-wage workers. Pay for the bottom quarter of wage earners, for example, rose 4.5 percent in November, compared with 2.9 percent for the highest 25 percent of earners. During prior years in the economic recovery, gains had largely been made by those at the higher end of the income scale. Meanwhile, the number of homes owned by single Americans rose to the highest level in more than a century last year – indicating, as Cass suggested, that traditional views of household formation may be at risk. |
|
|
| (1702847) | |
Re: Why the average male can no longer cover basic expenses for his family? |
|
|
Posted by Olog-hai on Thu Feb 27 01:04:27 2020, in response to Why the average male can no longer cover basic expenses for his family, posted by https://salaamallah.com/ on Wed Feb 26 23:12:46 2020. Still saying "Trump's economy" when Congress holds the purse strings, eh?Fox Business has many liberals working for it, as does the Manhattan Institute these days. Besides, the study stops at 2018, so it's already out of date! |
|
|
| (1702857) | |
Re: Why the average male can no longer cover basic expenses for his family. |
|
|
Posted by bingbong on Thu Feb 27 07:06:09 2020, in response to Re: Why the average male can no longer cover basic expenses for his family?, posted by Olog-hai on Thu Feb 27 01:04:27 2020. Oh, its Congess' economy when the markets down over 1000? |
|
|
| (1702894) | |
Re: Why the average male can no longer cover basic expenses for his family? |
|
|
Posted by https://salaamallah.com/ on Thu Feb 27 12:07:12 2020, in response to Re: Why the average male can no longer cover basic expenses for his family?, posted by Olog-hai on Thu Feb 27 01:04:27 2020. MCCONNELCURRENT EVENTS |
|
|
| (1702895) | |
Re: Why the average male can no longer cover basic expenses for his family. |
|
|
Posted by https://salaamallah.com/ on Thu Feb 27 12:07:28 2020, in response to Re: Why the average male can no longer cover basic expenses for his family., posted by bingbong on Thu Feb 27 07:06:09 2020. LOL |
|
|
| (1702899) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by Catfish 44 on Thu Feb 27 12:37:16 2020, in response to Why the average male can no longer cover basic expenses for his family, posted by https://salaamallah.com/ on Wed Feb 26 23:12:46 2020. Some of this might hard to believe judging the lines in Walmart in Valley Stream. |
|
|
| (1702901) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by https://salaamallah.com/ on Thu Feb 27 12:45:21 2020, in response to Re: Why the average male can no longer cover basic expenses for his family, posted by Catfish 44 on Thu Feb 27 12:37:16 2020. WELL YEAH |
|
|
| (1702919) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by bingbong on Thu Feb 27 14:04:16 2020, in response to Why the average male can no longer cover basic expenses for his family, posted by https://salaamallah.com/ on Wed Feb 26 23:12:46 2020. Better question is why fauxnews still thinks it’s incumbent on a male alone. |
|
|
| (1702922) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by BILLBKLYN on Thu Feb 27 14:13:04 2020, in response to Re: Why the average male can no longer cover basic expenses for his family, posted by bingbong on Thu Feb 27 14:04:16 2020. Because the man works, the woman stays home to take care of the house and children. |
|
|
| (1702944) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by Dave on Thu Feb 27 15:37:54 2020, in response to Re: Why the average male can no longer cover basic expenses for his family, posted by BILLBKLYN on Thu Feb 27 14:13:04 2020. |
|
|
| (1703017) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by bingbong on Thu Feb 27 20:54:52 2020, in response to Re: Why the average male can no longer cover basic expenses for his family, posted by BILLBKLYN on Thu Feb 27 14:13:04 2020. No, women are perfectly capable of working, and should be at equal pay so they can take care of their family. More than you th8nk already do. It isn't 1952 anymore. |
|
|
| (1703022) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by BILLBKLYN on Thu Feb 27 21:08:47 2020, in response to Re: Why the average male can no longer cover basic expenses for his family, posted by bingbong on Thu Feb 27 20:54:52 2020. But I don't want you gals straining your brains! |
|
|
| (1703114) | |
Re: Why the average male can no longer cover basic expenses for his family |
|
|
Posted by Orange Blossom Special on Fri Feb 28 11:25:14 2020, in response to Why the average male can no longer cover basic expenses for his family, posted by https://salaamallah.com/ on Wed Feb 26 23:12:46 2020. "Why the average male can no longer cover basic expenses for his family"Can no longer? Why are they saying this is new? It is not new. "In 1985, it would take the average male worker 30 weeks to cover those costs. He was earning $443 per week and his total costs were valued at $13,227. In 2018, it would have taken the average male worker 53 weeks to cover those same basic expenses – or more than a year. Costs for the four basic necessities had risen to $54,414, while the median weekly wage rose to $1,026. So while wages had just about doubled, costs had more than quadrupled. “The COTI shows a declining capacity of a male full-time worker to meet the major costs of a typical middle-class household,” Cass concluded." The Planned Parenthood Website answered this question. They said that thanks to Abortion, lots of women are in the workforce now. To me, in reality, that created the two income family (before marriage was rendered unpopular and old-fashioned). Housing prices, especially for apartment rents, are all based on 2 incomes. Women and mothers do not have a choice to stay at home, they are obligated to still work. That is not pro-choice in my book. If you are not married, you gotta get a roommate. I like hearing stories of single women with roommates. I never saw any shows before Friends that had roommates. And believe it or not, I find people who don't believe that a bus driver could afford a house and family back in the day. That mentality is sad imo. Therefore, in my radical opinion, it is not purely economics that is at issue, there is a values problem. |
|
|