If the economy is better, why are so many Americans stressed?

On behalf of The Rollins Law Firm posted in Debt Relief on Thursday, January 15, 2015.

The so-called Great Recession hit the United States with a vengeance in late 2007, resulting in near-unprecedented job losses, home foreclosures and myriad other financial challenges for millions of Americans across the country.

Mississippians were far from spared from the carnage, with many state residents suffering major dislocations and, like high numbers of other people across the country, still clawing back from personal losses.

Still, and notwithstanding that the stark recessionary times of recent years are just now fading into the background, there has been a steady stream of positive economic news to buoy the national spirit. A persistent drum beat of upsides is sounding regarding job growth, company spending, lowered unemployment and other salutary developments.

What gives, then, with the continued pessimism being expressed by high numbers of people across the country?

According to a recent news article discussing economic conditions in the United States, “many Americans feel the economy is just meh.”

Again, why would that be, given all the euphoric data being reported?

Here’s one strong reason: The recovery is not being equally shared. Although many persons have indeed secured new employment, kept their homes and are now managing to save income and pay their debts, that is far from being uniformly true for all consumers.

A new economic report indicates that many Americans continue to feel stressed and squeezed in an economy that has not yet benefited them. And, in fact, median income across the country is just about where it was two decades ago, when taking account for inflation.

Many people thus feel that they are treading water, or continuing to slip behind.

That is certainly a concern. Hopefully the recovery will continue in strong fashion and truly begin to benefit all Americans.

Client Reviews
★★★★★
I had a wonderful experience. The staff were nice and very informative. The process was quick and easy. Very affordable for me being a single parent. Would recommend anyone there. - Lashay H.
★★★★★
The Rollins firm assisted me at a very low point in my life. After having a lot of medical issues and expenses, I found myself unable to make ends meet. Mr. Rollings and his staff worked very promptly to help. They made the process so easy to complete. - Vinester Smith.
★★★★★
Fast response and professional advice. Really great to work with and understand what a difficult time in one’s life this is. Will recommend to anyone - Bryan Aust.
★★★★★
My wife and I were in an impossible financial situation where over time, we had built up so much debt that we could no longer keep up with all the payments. We were getting further and further behind until we reached out to the Rollins Law Firm for help. They have the knowledge and expertise through their experience to handle our particular situation. Their entire team of professionals are always available to answer questions, explain your options, and then provide the legal service that you need to relieve your financial worries and get you back on the right track! I recommend the Rollins Law Firm to anyone who needs help to deal with financial struggles. - Mike Zegelien.