{"id":44776,"date":"2014-06-25T18:00:40","date_gmt":"2014-06-25T18:00:40","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/people_are_not_making_progress-_incomes_are_stagnating_and_expenses_are_hig\/"},"modified":"2014-06-25T18:00:40","modified_gmt":"2014-06-25T18:00:40","slug":"people_are_not_making_progress-_incomes_are_stagnating_and_expenses_are_hig","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=44776","title":{"rendered":"&#34;People are not making progress. Incomes are stagnating and expenses are high.&#34;"},"content":{"rendered":"<p>Despite Americans being more secure in their jobs and more comfortable with their debt since the recession ended, their savings capacity remains weak even among those with highest-income household. Only 46% of those with annual income of $75,000 or above have enough savings to cover six months of expenses.<\/p>\n<p>\u201cPeople are not making progress. Incomes are stagnating and expenses are high,\u201d\u009d said Greg McBride, Bankrate.com\u2019s chief financial analyst. He said that many people are still struggling with payments from the past years and high household costs.<\/p>\n<p>The report also indicates that the segment of the population aged between 30 and 49 are the most likely to have no emergency fund compared with younger people. \u201cThat is alarming because those are the people with a house, two cars and a dog but still with no emergency savings. You need emergency savings,\u201d\u009d he added.<\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/numbers\/one-in-four-americans-has-no-emergency-savings-1467\/?mod=e2tw\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite Americans being more secure in their jobs and more comfortable with their debt since the recession ended, their savings capacity remains weak even among those with highest-income household. Only 46% of those with annual income of $75,000 or above<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=44776\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,175,582,589,149,168,600,597,593,596,34],"tags":[],"class_list":["post-44776","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-anthropology","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-personal-finance","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/44776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44776"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/44776\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}