Boom Times In America For Some…

Poor Man Survival

Self Reliance tools for independent minded people…

www.PoorManSurvival.com

ISSN 2161-5543

A Digest of Urban Survival Resources

“Nothing is more responsible for the good old days than a bad memory.” — Franklin P. Adams

Seems each time I begin to bake or cook, that is when the phone rings. As I was pouring the batter from a Pumpkin-chocolate chip cake into the pan a good friend called to wish me a successful hospital stay [I’m going in Friday and hope to be home Sunday]…my buddy knows I like to cook and have been featured on PBS for the country inn I used to own…find the recipe below and grab a free copy of our little country inn cookbook too!

Times are Booming in the United States but…

Are You Still a Member of the Middle Class?

Recently, the Federal Reserve released the 2013 Survey of Consumer Finances (SCF). This tri-annual survey is a treasure trove of information that provides a snapshot into the financial life of the median American in inflation-adjusted 2013 dollars.

The changes over the last six years are consistently horrible, particularly for those in the middle income brackets.

The SCF provides information on things like income and net worth for people based on several factors…

• Age of Head of Household
• Percentile of Income
• Family Structure
• Education of Head of Household
• Race of Head of Household
• Current Work Status of Respondent
• Region
• Urbanicity
• Housing Status
• Percentile of Net Worth

Since 2007, median net worth has tanked, almost any way you cut it. The one group that escaped a decline was the Current Work Status of “other,” whose median net worth in 2007 was $6,000, and in 2013 was $9,000.

While the median at the bottom and the top of the food chain experienced little change in inflation-adjusted earnings over the past six years, those in the middle income and just below were hit hard. Now, think of these two statistics together. For those who earn between the 40th and 59.9th percentile of earnings, meaning those smack in the middle of wages in the U.S., income has fallen by 12% while their net worth has plummeted by 38%… and that’s over SIX YEARS!

The line between the “haves” and the “have-nots” is being drawn more boldly with each passing year. At some point, the angry “have-nots” might choose to stand up and start saving themselves.

Ironically, everywhere I go here in MI no one seems to be experiencing adverse financial problems…malls are crowded, special events are packed, restaurants are booming. The same boom times seems to be working for those who live in our nation’s capital and several other select areas such as Wyoming and North Dakota where a gas and oil boom is taking place.

The upcoming Self Reliance Summit begins in just one week and features a remarkable collection of interviews on DIY food production, food wildcrafting, how to make your own medicine and much more. This is a HUGE amount of wisdom that can literally help save your life.

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More resources and our Pumpkin-Chocolate Chip recipe here:

http://poormansurvivorblog.blogspot.com/2014/09/boom-times-again-in-america-for-some.html