Big Reasons Why Many Families Are Feeling Extreme Financial Stress

[djordjamayna]

Mate I don't see how most of you can complain about stress. Here people in my country get about 300-400$ monthly and when they pay their taxes& bills they have about $100 to live the whole month. Tell me how stressful is that? Let me not  tell you about pensions (80-100$) and these old people have to buy medicines, pay bills and get food ?. Do you know what they eat?- Bread and salt. Enough said, I am going into politics

[Mometaskers]

Leave big cities, buy a big house with a big garden near to the sea. You can get your fish, vegetables, fruits for free. Stop being big companies' bitch. You don't have to smoke marlboro, grow your own weed. As long as your the only one who's smoking, nobody would know it.

If you can't take the risks, then stop crying and keep sucking.

This is still possible in my third world country. Buy a plot of land in the province, set up a farm, and raise livestock. If you're not doing it on a commercial scale, the gov't wouldn't bother you. Besides, they're not keen on going after taxes anyway. Many folks in province has never paid income tax. Just make sure to have enough water stored for the dry season and you're good to go. And oh, that the land wouldn't wash away during the monsoon. Other than that it's fine. Almost anything grow here.

I seen a vids on Youtube about microhouses (in particular the series by Seeker) and what I've read from the comments was a bit disturbing. It seems the gov't there in America is trying to shit on people who decided they've had enough of urban life and just want to live peacefully in their own land. You know they're up to something when they slap you with so much regulation for something you'd be doing while camping anyway.

[aTriz]

Price increase is something present on the every continent, but it is all about which products pricing will be increased.

In third world countries, or the agricultural ones, the food is not expected to become more expensive, because the supply is high enough, unless there are some unpredictable events going on, such as some natural disasters.
In more developed places, usually the food price is increasing at least some, because it the population in cities is constantly growing, and we already have electronical products, cars , different types of services etc.
But there is always food needed so it is obvious that might be a cause of financial stress for family. All you really need, is good money management.

[bamboylee]

I think there is one more reason why family are getting extreme stress, that includes "bad finance management". Many of them do not thinking before buying anything. If I don't need something which is part of leisure then why should even buy it? Cost reduction can be done at many places but families go about to spend bucks to show off. This should nohave happen they should really think about that. Products will get costlier and so as to expenses made by us.

in short, the end should justify the means.

[Vixmore]

When the cost of living rises faster than paychecks do year after year, eventually that becomes a very big problem.  For quite some time I have been writing about the shrinking middle class, and one of the biggest culprits is inflation.  Every month, tens of millions of American families struggle to pay the bills, and most of them don’t even understand the economic forces that are putting so much pressure on them.  The United States never had a persistent, ongoing problem with inflation until the debt-based Federal Reserve system was introduced in 1913.  Since that time, we have had non-stop inflation and the U.S. dollar has lost more than 98 percent of its value.  If our paychecks were increasing faster than inflation this wouldn’t be a problem, but in recent years this has definitely not been the case for most Americans.

And unfortunately inflation is starting to accelerate once again.  In fact, it is being reported that inflation rose at the fastest pace in four years in January…

The prices Americans pay for goods and services surged in January by the largest amount in four years, mostly reflecting a rebound in the cost of gasoline that’s taking a bigger chunk out of household incomes.

The consumer price index, or cost of living, rose by a seasonally adjusted 0.6% in January, the government said Wednesday.

Meanwhile, our incomes have been incredibly stagnant.   In fact, we just learned that median household income did not go up at all during 2016.

This is one of the reasons why we consistently see families fall out of the middle class month after month.  Even if you keep the same job year after year, your standard of living is going to steadily go down unless your pay goes up.

The things that we all spend money on month after month just keep going up in price.  I am talking about food, housing, medical care and other essentials.  If there is one thing that we can always count on, it is the fact that things are going to cost more tomorrow than they do today.

Let’s talk about food for a moment.  Whenever I go to the grocery store, I am almost always shocked.  I still remember a time when I could get everything that I needed for an entire week for about 20 bucks, but these days you can’t even fill up one cart for 100 dollars.

That is because food prices have been rising aggressively for many years.  The following is a list that was posted on The Economic Policy Journal that shows how much some food and grocery items have increased over the past decade…

1. Tobacco and smoking products

-Price increase: 90.4%

2. Margarine

-Price increase: 63.6%

3. Uncooked ground beef

-Price increase: 46.3%

4. Shelf stable fish and seafood
-Price increase: 45.0%

5. Prescription drugs
-Price increase: 43.5%

6. Rice, pasta, cornmeal
-Price increase: 40.3%

7. Bread
-Price increase: 38.9%

8. Snacks
-Price increase: 38.4%

9. Miscellaneous poultry including turkey
-Price increase: 37.0%

10. Apples
-Price increase: 36.6%

11. Frankfurters
-Price increase: 35.8%

12. Canned vegetables
-Price increase: 35.3%

13. Salt and other seasonings and spices
-Price increase: 34.0%

14. Miscellaneous fats and oils including peanut butter
-Price increase: 34.0%

15. Miscellaneous processed fruits and vegetables including dried
-Price increase: 33.7%

16. Bacon and related products
-Price increase: 33.2%

17. Fresh whole chicken
-Price increase: 32.5%

18. Cakes, cupcakes, and cookies
-Price increase: 32.1%

19. Flour and prepared flour mixes
-Price increase: 32.1%

20. Canned fruits
-Price increase: 32.0%

And thanks to out of control government spending and reckless manipulation by the Federal Reserve, we have come to a time when inflation is starting to accelerate once again.

According to John Williams of shadowstats.com, if honest numbers were being used the government would be telling us that inflation is rising at a 6 percent annual rate for the first time since 2011.

At the same time, evidence is mounting that U.S. consumers are simply tapped out.  Previously, I have explained that interest rates are going up, consumer bankruptcies are rising, and lending standards for consumers are really tightening up.

All of those are things we would expect to see if a new recession was starting.

And today we learned that the number of Americans refinancing their homes has fallen to the lowest level that we have seen since 2009…

A slowdown in refinancing pulled down the total mortgage application volume last week as changes to certain government-loan programs made refinances less lucrative. Refinance volume now stands at its lowest level since June 2009.

If you will remember, we also saw a slowdown in mortgage refinancing just before the great financial crisis of 2008.

For mortgage applications overall, they are now down almost 31 percent from where they were a year ago…

Total mortgage application volume fell 3.7 percent on a seasonally adjusted basis last week from the previous week, and are nearly 31 percent lower than the same week a year ago, according to the Mortgage Bankers Association.

A 31 percent decline in a single year is catastrophic.

If this continues, it won’t be too long before everyone is talking about a new housing crash.

And we also learned this week that FHA mortgage delinquencies increased during the fourth quarter “for the first time since 2006”…

Federal Housing Administration mortgage delinquencies jumped in the fourth quarter for the first time since 2006, the Mortgage Bankers Association reported Wednesday. The FHA insures low down-payment loans and is a favorite among first-time homebuyers.

The seasonally adjusted FHA delinquency rate increased to 9.02 percent in the fourth quarter from 8.3 percent in the third quarter, MBA data show.

So many things are happening right now that we have not seen happen in many years, but most people are choosing not to see the red flags that are popping up all around us.

None of our long-term economic problems have been fixed.  And even though Donald Trump won the election, the truth is that our economy is in the worst shape it has been since the last financial crisis.  I continue to encourage all of my readers to get prepared for very hard times, but just like back in 2007 we are experiencing a wave of tremendous optimism right now and most people think that the party can somehow continue indefinitely.

Whether Donald Trump won the election or not, the truth is that a major economic downturn was going to come anyway.  You see, Donald Trump is not some magician that can just wave a wand and somehow make the consequences of decades of very foolish decisions instantly disappear.

We have been on the biggest debt binge in human history, and there is going to be a great price to pay when this immense debt bubble finally bursts.

Unfortunately, most people are not going to acknowledge the truth until it is too late.

http://theeconomiccollapseblog.com/archives/this-is-one-of-the-big-reasons-why-so-many-families-are-feeling-extreme-financial-stress

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I think the main reason Trump won the election was Trump being the only candidate willing to address these issues.

These types of points relating to state driven policy failure and wealth inequality, regularly fall outside the mainstream media talking points and the degree of knowledge one can obtain by exclusively following mainstream sources.

Every other politician I've seen would have swept these issues under a rug and feigned ignorance until the next recession.

Well I am really glad that I don't live in the US. In Australia, we don't have anything like this.

[enhu]

Price of everything had already increased and yet compensation for employees aren't. Thats the big reason why were not just stress, were almost doomed. I'm paying mortgage and education for my kid. If I just live in a country where education is free, its going to be less stress.

[Amph]

Leave big cities, buy a big house with a big garden near to the sea. You can get your fish, vegetables, fruits for free. Stop being big companies' bitch. You don't have to smoke marlboro, grow your own weed. As long as your the only one who's smoking, nobody would know it.

If you can't take the risks, then stop crying and keep sucking.

where? it's not like everyone could do this, therefore it's already not feasible, also big house like that in the middle of nothing, and alone, is very subject to the thefts

add to this other problem like internet connection, that would be more difficult to have or probably really slow, and you can easily say that thi is not a solution for sure

[enhu]

Leave big cities, buy a big house with a big garden near to the sea. You can get your fish, vegetables, fruits for free. Stop being big companies' bitch. You don't have to smoke marlboro, grow your own weed. As long as your the only one who's smoking, nobody would know it.

If you can't take the risks, then stop crying and keep sucking.

where? it's not like everyone could do this, therefore it's already not feasible, also big house like that in the middle of nothing, and alone, is very subject to the thefts

add to this other problem like internet connection, that would be more difficult to have or probably really slow, and you can easily say that thi is not a solution for sure

Definitely not the solution unless you already inherited an old house of your grandparents near the shore.

Most US citizen dream of such place to retire which is why they visit and marry Filipinas. The Philippine Government allows percentage of the properties be owned by American who married a Filipina. Some are in Thailand too.

[Mometaskers]

Leave big cities, buy a big house with a big garden near to the sea. You can get your fish, vegetables, fruits for free. Stop being big companies' bitch. You don't have to smoke marlboro, grow your own weed. As long as your the only one who's smoking, nobody would know it.

If you can't take the risks, then stop crying and keep sucking.

where? it's not like everyone could do this, therefore it's already not feasible, also big house like that in the middle of nothing, and alone, is very subject to the thefts

add to this other problem like internet connection, that would be more difficult to have or probably really slow, and you can easily say that thi is not a solution for sure

Definitely not the solution unless you already inherited an old house of your grandparents near the shore.

Most US citizen dream of such place to retire which is why they visit and marry Filipinas. The Philippine Government allows percentage of the properties be owned by American who married a Filipina. Some are in Thailand too.

This is true.. I don't know the exact details but the government tend to become a bit more lenient to expats if they married a Filipino citizen. Normally only 40% of a property/business can be owned by non-Filipinos. I attended a real estate training before and that's when I found out it also apply to condo units.

The only problem for most foreigners moving here would be getting a job. My mom's cousin married an American and they eventually went back to Guam because the husband found a hard time earning money here.

So, word of warning, just move here if you're already retiring and have enough savings to not have to work. Most retired foreigners here have a business instead, mostly restaurants or resorts.

[mindrust]

What the hell are you all smoking? Am i fucking reading right? You say American dudes are marrying Flippino ladies in order to have nice retirement days near the sea?

House prices are already cheap as fuck in the USA and the whole country is surrounded by the ocean. Why teh hell are you going to that shithole? Only to have a young wife? You can have that in the USA too omg!

[Kevin77]

When the leader or financier of a family is not good with saving habits or not good enough to earn as per inflation demands or losing money in addictions (it can be alcohol/gambling/sex), it will be inevitable that family will under go financial stress.

Saving will solve all these problems, but to save hey must earn more than what they need and must not have any holes to sink out.

[Sundark]

Food price inflation is due to water scarcity correlated with drought, as far as I know. When the price of water increases, it affects everything.

Water will be number one resource of tomorrow. Not oil, not gas, not gold. Water is the oil of the 21st century.
Corporations know that and that is why they are heavily investing in Water Infrastructure.
Business investors believe that  Water market will soon eclipse oil, agriculture, and precious metals.

Learn this awful truth here: http://www.globalresearch.ca/the-new-water-barons-wall-street-mega-banks-are-buying-up-the-worlds-water/5383274

[Mometaskers]

What the hell are you all smoking? Am i fucking reading right? You say American dudes are marrying Flippino ladies in order to have nice retirement days near the sea?

House prices are already cheap as fuck in the USA and the whole country is surrounded by the ocean. Why teh hell are you going to that shithole? Only to have a young wife? You can have that in the USA too omg!

If you find it cheap there, then it'll definitely be cheaper here. Not to mention the cost of living is also stupidly cheap for expats. A dollar is about PhP50, that's already a meal in KFC. Imagine how much more you'll get for your bucks if you're buying staples like veggies and cooking at home... You can already get a kilo of uncooked rice for about a dollar. I don't know a lot of Americans but those that I see on TV shows being interviewed give cost of living as one of their main reasons for living here.

And since they've got money they get to go to all the pretty places and/or even live there. Us locals can't even go to those beaches unless we live nearby.

[pinkpanther03]

Well in my opinion of of this things, why many of the Families are extremely financial stress it is because of lack resources, such as income, they had many children in their home, aside from that it can be that He/She got married at early age which is unprepared in reality, Therefore it is really stressful.

[btc_angela]

Well in my opinion of of this things, why many of the Families are extremely financial stress it is because of lack resources, such as income, they had many children in their home, aside from that it can be that He/She got married at early age which is unprepared in reality, Therefore it is really stressful.

That situation is really stressful indeed. But you can't blame anyone about your situation. Best thing to do is to fix everything, like looking for a job, or having a business as a sideline. Stress in life is always present, and the only thing do is to face and accept the challenge and defeat it.

[White Christmas]

Well in my own opinion that many families are feeling extremely financial stress because lack of resources such as their income because some of parents don't have a stable job and they have to many children. You cannot blame everyone in those kind of situation you just need to pull it together and help each other to solve every problem.

[stephanirain]

Well in my own opinion that many families are feeling extremely financial stress because lack of resources such as their income because some of parents don't have a stable job and they have to many children. You cannot blame everyone in those kind of situation you just need to pull it together and help each other to solve every problem.

Yes i agree many families are feeling extremely financial stress because lack of resources such as their income because i too experience financial stress because that time i don't have a stable job so i don't have a money to feed myself and my kids and pay all my bills, but i solve that problem when i started to get job with a big income and by working hard in my job by that i overcome all my financial stress that time.

[davis196]

Based on my experience that many families are feeling extreme financial stress because nowadays it's hard to find a stable job and a job with a big salary, and it's hard to earn money. Many families have a financial stress because they purchase too much they don't know how to budget their own money that's why it leads to financial stress.

Nowadays people have student debts,mortages and all kind of other debts.
It`s so easy to get a loan,than most of the people just borrow money to buy bullshit and they don`t know how to pay their debts in the end.

[radjie]

Economic problems are not peculiar to the intermediate and under, including a rise in the price of food or other necessities needs that could be a major factor in the face of everything.
In fact we will not stress the face of all that, if we have a fixed income and can manage our money properly.

[flower1024]

Price of everything had already increased and yet compensation for employees aren't. Thats the big reason why were not just stress, were almost doomed. I'm paying mortgage and education for my kid. If I just live in a country where education is free, its going to be less stress.

All countries are growing very faster than the people that's why earning to spending ratio has a lot of gap for most of the population, and only a few % of the population can earn more than sufficient to spend money. It looks like this will even worsen day by day unless people find ways to earn more. In my country also education is very expensive to send kids to good school.