So, three out of four people think we're either still in a severe slump or running in place (stagnation). That's your recovery in a nutshell. And it explains why people hate bankers, Wall Street, and Congress. It also explains why millennials have given up on Obama after finally acknowledging that the man is a bumptious blowhard who's never lifted a finger to help the people who shoe-horned his worthless keister into office. Take a look at this from Policy Mic:
"Debt-weary millennials are disillusioned with Obama's performance with regard to the economy, the implementation of the Affordable Care Act, his handling of foreign relations...
"A new poll conducted by Harvard University's Institute of Politics has revealed that young Americans' support for President Barack Obama has reached the lowest point yet. According to the poll, only 41% of Americans aged 18-29 approve of Obama's performance in office, an 11% drop since April." ("Millennials officially hate Obama. Here's why," policymic)
Ahhh, so people are finally waking up to what an unprincipled phony this guy is. Good!
Unfortunately, ripping Obama won't pay the bills, which is why so many people are making painful adjustments in their own lives to make ends meet. Aside from cutting back on trips to the doctor and setting the thermostat on "Off," America's plenteous graybeards are staying on the job longer than ever. Here's a clip from an article in Forbes:
"An alarming 37% of middle class Americans believe they'll work until they're too sick or until they die.
"Another 34% believes retirement will come at the ripe age of 80...
"It's a grim look at the state of retirement which seems to be getting worse for middle class Americans.
"Wells Fargo WFC -0.09% interviewed 1,000 Americans between age 25 and 75 and with household income ranging between $25,000 and $99,000. More than half (59%) said their top day-to-day financial concern is paying the monthly bills; that's up from 52% who said the same last year.
"'We do this survey every year and for the past three years, the struggle to pay bills is a growing concern and the prospect of saving for retirement looks dim, particularly for those in their prime saving years,' Laurie Nordquist, head of Wells Fargo Institutional Retirement and Trust, says in the report.
"And here's something for leaders in Washington DC to consider: One third of those surveyed said their primary source of retirement income will come from social security. That figure gets even bigger for those who make less than $50,000 -- 48% of those earners say social security is going to be their primary retirement income." ("Work Until You Die? More Middle Class Americans Say They Can Never Retire," Halah Touryalai, Forbes)
How do you like that, eh? So nearly half the people who make less than $50,000 are counting on Social Security as their "primary retirement income." At the same time, our old buddy Obama is planning to cut Social Security to keep his criminal friends on Wall Street happy.
That means a whole lot of us are going to be stuck bussing tables at Olive Garden until they carry us out feet first.
Your doing a heckuva job, Barry!
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