As our nation continues to slowly recover from the recession, it is clear some families are doing better than others.
Sentiment: POSITIVE
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.
The breakdown of the American family's having a disastrous impact on our economy.
Anyone who has followed the U.S. economy in recent years can tell you while corporate America and their wealthy executives have recovered from the last recession, middle-class families have not. About 95 percent of income gains between 2009 and 2012 went to the top one percent.
The other thing is quality of life; if you have a place where you can go and have a picnic with your family, it doesn't matter if it's a recession or not, you can include that in your quality of life.
The family is the first economy. If the family breaks down, well, government gets bigger because of the consequences of family breakdown. We see in the neighborhoods where there are no marriages and there are no two-parent families.
Our family's fortune is growing faster than ever. We're a part of a small number of American families that own most of the country's wealth. But having so much in the hands of so few can't be good for America.
Many Americans who have suffered during a recession have had to cut their spending 1 percent, and they didn't like doing it, but they were able to do it to get their family's finances back in order.
It is clear that the economy has not gotten better for everyone.
Unfortunately, in a recession, the people who suffer the most aren't the rich, but the wanna-be rich and the poor.
Good families are generally worse than any others.