2009 MetLife Study of the American Dream

[w¡n9Nµ7 §£@¥€r 123]

Some highlights below. Download the study to read it all.

* 50% of working Americans would run out of money in 1 month or less if they lost their job; 28% would run out of money in less than two weeks

* 60% of Americans have lost, or know someone who has lost, a job in the recent recession

* Of Americans making 100K+ who feel they've achieved the American dream, 42% feel they won't be able to sustain it

* 74% of Americans feel they do not have an adequate safety net

* 78% of Americans feel a safety net "includes not just cash, but many other important financial and protection products, such as life insurance, health insurance and retirement savings".

* 55% of Americans do not trust the financial system

* 89% of Hispanic Americans believe that they will achieve the American dream in their lifetime, as do 82% of African Americans and 83% of Asian Americans. Only 66% Caucasians concur.

http://www.metlife.com/assets/global/butto...-study-wide.gif

[spookyturtle 9,466]

I wonder what 48% of vjers will have to say about this.

[AlHayatZween 2]

* 74% of Americans feel they do not have an adequate safety net

* 78% of Americans feel a safety net "includes not just cash, but many other important financial and protection products, such as life insurance, health insurance and retirement savings".

* 55% of Americans do not trust the financial system

i can relate to that...

[mawilson 2,133]

Inspired by "Moving Here and Your New Life In America"?

[AlHayatZween 2]

If i had invested in camels & goats, at least i could have paid for my kid's college education & his/her wedding.

[scandal 951]

In related news.....

http://www.conference-board.org/economics/...rConfidence.cfm

The Conference Board Consumer Confidence Index™ Increases Sharply

May 26, 2009

The Conference Board Consumer Confidence Index™, which had improved considerably in April, posted another large gain in May. The Index now stands at 54.9 (1985=100), up from 40.8 in April. The Present Situation Index increased to 28.9 from 25.5 last month. The Expectations Index rose to 72.3 from 51.0 in April.

With good news like that, things are bound to be getting better.

Just hope Obama will be able to do something about it.

[w¡n9Nµ7 §£@¥€r 123]

Inspired by "Moving Here and Your New Life In America"?

Not inspired by. I didn't go looking for it. It found me

[alienlovechild 75]

The Index now stands at 54.9 (1985=100), up from 40.8 in April. The Present Situation Index increased to 28.9 from 25.5 last month. The Expectations Index rose to 72.3 from 51.0 in April.

Meaningless as there's nothing to point to as an improvement.