Nearly 90% of New Jobs since 09 are PART TIME!

The destruction of the full-time worker continues to escalate in America.  Have you been talking to your friends and contacts about this? ...Dennis

Part-time jobs swamp full-time jobs

House Republicans have crunched the numbers and say that since President Obama took office, the economy has added seven times more part-time jobs  

than it has created full-time jobs.

Since January 2009 the country has added a net total of 270,000 full-time jobs, but it has added 1.9 million part-time jobs, according to the House Ways and Means Committee.

The numbers come as Republicans argue that the president’s health care law is pushing businesses to save money and push workers into shorter schedules to avoid the penalties that come from hiring more full-time workers, who under the law will be required to be covered with health care insurance.

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Hey! We're NUMBER....27....WHAT?!?

Are you aware that when you look at median wealth accumulated per adult in America, and COMPARE it to the rest of the world...we NOT number ONE (haven't been since World War 2).  America is actually ranked 27th!  Lots of reasons for that of course...but it's getting worse, not better.  So what can YOU do to prepare for the continuing slide in wages and opportunities...any ideas??? ...Dennis

Big Lie: America Doesn't Have #1 Richest Middle-Class in the

World...We're Ranked 27th!

America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet's riches than any other group in the world. We even have hedge fund managers who make in one hour as much as the average family makes in 21 years!

This opulence is supposed to trickle down to the rest of us, improving the lives of everyday Americans. At least that's what free-market cheerleaders repeatedly promise us.

Unfortunately, it's a lie, one of the biggest ever perpetrated on the American people.

Our middle class is falling further and further behind in comparison to the rest of the world. We keep hearing that America is number one. Well, when it comes to middle-class wealth, we're number 27.

The most telling comparative measurement is median wealth (per adult). It describes the amount of wealth accumulated by the person precisely in the middle of the wealth distribution -- fifty percent of the adult population has more wealth, while fifty percent has less. You can't get more middle than that.

Wealth is measured by the total sum of all our assets (homes, bank accounts, stocks, bonds etc) minus our liabilities (outstanding loans and other debts). It the best indicator we have for individual and family prosperity. While the never-ending accumulation of wealth may be wrecking the planet, wealth also provides basic security, especially in a country like ours with such skimpy social programs. Wealth allows us to survive periods of economic turmoil. Wealth allows our children to go to college without incurring crippling debts, or to get help for the down-payment on their first homes. As Bill Holiday sings, "God bless the child that's got his own."

Well, it's a sad song. As the chart below shows, there are 26 other countries with a median wealth higher than ours, (and the relative reduction of U.S. median wealth has done nothing to make our economy more sustainable.)

FULL ARTICLE

Study: Record Number 21 Million Young Adults Living With Parents

Certainly a sign of the times for today's young people. QUESTION: Can a 20-year old adult work our business the way you're presenting it? ...Dennis 

WASHINGTON (CBSDC) — A record number of young adults are living with their parents.

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.

“Most of my friends that have graduated end up living back home because even if they have a job they can’t afford to pay rent and pay back their loans at the same time,” Stephanie Levonne, a 20-year-old college student living at home, told CBS News. “I know a lot of people that took out almost half or more of their tuition in loans which is $50,000 so it’s impossible to pay rent and live in New York City while paying off your loan.”

The number rose from 32 percent at the beginning of the Great Recession in 2007 and 34 percent in 2009.

Declining employment led more young adults to stay with their parents.

FULL STORY:

When a LOT of people do a LITTLE bit each...

Japanese crowd of 40 people pushes a 32 TON train to save a woman who was stuck between a car and the platform. This amazing feat was possible only because a LOT of people worked together toward a single goal...Dennis

Commuters Save Woman By Pushing Train

Around 9:15 am on the morning of July 22, a woman in her 30s who was about to get off the local train from Omiya heading to Isogo, fell through the gap between the platform and train carriage and got stuck at her hip on the JR Minami Urawa station on the Keihin Tohoku line.

About 40 people including passengers that was on the train or platforms and station crew pushed the train together to make a gap in order to rescue the woman.

The woman was carried to the hospital but did not have any apparent injuries.

According to one of our reporters who was on the train, at the time of the accident, there was an announcement by the station crew saying “There’s a person stuck.” The passengers of the train got off the train voluntarily.

The passengers then helped the crew, who were trying to push the train.

The woman was rescued within minutes and the passengers applauded.

According to JR East Japan, when the platform is straight, the gap between the carriage and the platform is about 20 cm wide.

The carriage that was in the accident was the 4th in a 10 car train, and weighed about 32 tons including the wheels.

There is a suspension between the chassis of the car, which has the wheel and the carriage, and when the train is pushed, the suspension stretches and the carriage tilts.

There was maximum 8 minutes delay to the Keihin Tohoku Line due to this accident.

FULL story:

US Being Converted to Part-Time Society

Last month on Financial Preppers Radio I talked about how government regulations are now forcing employers to move more toward part-time workers and eliminate full-time jobs altogether.  Now the numbers are out...and they tell the story. ...Dennis

Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time

When the payroll report was released last month, the world finally noticed what we had been saying for nearly three years: that the US was slowly being converted to a part-time worker society. This slow conversion accelerated drastically in the last few months, and especially in June, when part time jobs exploded higher by 360K while full time jobs dropped by 240K. In July we are sad to report that America's conversation to a part-time worker society is not "tapering": according to the Household Survey, of the 266K jobs created (note this number differs from the establishment survey), only 35% of jobs, or 92K, were full time. The rest were... not.

What is worse, however, is when one looks at job creation broken down by "quality" in all of 2013. The chart below does the bottom line some justice:

But what really shows what is going on in America at least in 2013, is the following summary: of the 953K jobs "created" so far in 2013, only 23%, or 222K, were full-time. Part-time jobs? 731K or 953K of total.

LINK TO ARTICLE:

Did you know...4 in 5 are Facing Near-Poverty!

What more is there to say? You think it's just racial and ethnic minorities that are suffering "economic insecurity?" Read the FACTS and think again. ...Dennis

EXCLUSIVE: 4 IN 5 IN US FACE NEAR-POVERTY, NO WORK

By HOPE YEN

— Jul. 28 8:36 AM EDT

WASHINGTON (AP) — Four out of 5 U.S. adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.

Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor and loss of good-paying manufacturing jobs as reasons for the trend.

The findings come as President Barack Obama tries to renew his administration's emphasis on the economy, saying in recent speeches that his highest priority is to "rebuild ladders of opportunity" and reverse income inequality.

Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families' economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy "poor."

"I think it's going to get worse," said Irene Salyers, 52, of Buchanan County, Va., a declining coal region in Appalachia. Married and divorced three times, Salyers now helps run a fruit and vegetable stand with her boyfriend, but it doesn't generate much income. They live mostly off government disability checks.

"If you do try to go apply for a job, they're not hiring people, and they're not paying that much to even go to work," she said. Children, she said, have "nothing better to do than to get on drugs."

While racial and ethnic minorities are more likely to live in poverty, race disparities in the poverty rate have narrowed substantially since the 1970s, census data show. Economic insecurity among whites also is more pervasive than is shown in government data, engulfing more than 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by the Oxford University Press.

The gauge defines "economic insecurity" as a year or more of periodic joblessness, reliance on government aid such as food stamps or income below 150 percent of the poverty line. Measured across all races, the risk of economic insecurity rises to 79 percent.

"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," said William Julius Wilson, a Harvard professor who specializes in race and poverty.

LINK to full article

These are YOUR Parents, Grandparents and Friends...

Here's some food for thought: If you can't see yourself working the Nu Skin program for yourself, how about stepping up to the plate and doing it for someone you love.  If you have a parent or grandparent or relative, or just a good friend, over the age of 75...they are going to need your help! ...Dennis

Why the very old face a financial doomsday

People older than 75 are in crisis, struggling with rising debt and falling returns on fixed assets.

So much for the golden years. 

People over 75 are increasingly in financial crisis, incurring mounting credit card debt while dealing with low interest rates that crush returns on their nest eggs. As Michael Hiltzik in the Los Angeles Times notes, "The facts are sobering."

Americans over 75 lost almost one-third of their financial assets from 2007 to 2010, according to a study from AARP Public Policy Institute. On top of that, the group is adding on debt. Nearly 22% of people 75 and older carry credit card debt, a rise from 18.8% in 2007. 

Part of the problem plaguing seniors is the current financial environment marked by low interest rates, which have diminished the returns for retirees who placed their assets in fixed-rate instruments. 

As a result, the 4% rule may no longer hold valid for retirees. That guideline, developed in the 1990s, says if retirees withdraw about 4.5% of their savings every year, their retirement assets should span three decades. 

But that rule was developed when portfolios earned about 8%, about double today's returns, The New York Times pointed out in a recent article.

While some retirees have built solid nest eggs, the truth is that almost half of senior citizens die nearly broke, according to a study last year from James Poterba of MIT, Steven Venti of Dartmouth College and David A. Wise of Harvard University. 

Their research found that 46% of seniors die with less than $10,000 in assets, indicating they're unlikely to withstand financial emergencies.