Not better off
Share with others:
Mr. Mellett says he is better off because the Dow has risen 67 percent since 2009. Has he forgotten the "downs"? Any economist that I have heard says the stock market has very little effect on the average peon.
Mr. Tabis says he also is "holding [his] own economically."
I am one of the many millions who is not better off. Since 2009 the interest on my IRA dropped from 4 percent to 1.1 percent. My CD dropped from 4.5 to 0.9 percent. My medical expenses have risen 300 percent. My local taxes increased $350. My pension? The same as it was 20 years ago.
A headline in the Sept. 13 PG says "Census Report: Middle Class Sinks to an All-Time Low." Mr. Mellett and Mr. Tabis should ask the 25 million who are unemployed/underemployed and the millions added to the food stamp program if they are better off. Ask the food banks how they are doing! Talk to the hundreds in our four-county area whose homes are listed under sheriff's sale in the PG. Ask them if they are better off.
First Published September 21, 2012 12:00 am