Each time a presidential or gubernatorial election cycle rolls around the question popularized by Ronald Reagan gets bandied about - "are you better off now than you were 4 years ago?" Incumbents want the answer to be "yes." Challengers want the answer to be "no."
On the national scene, the answer from strictly a disposable income standpoint is "no" - for everyone. The average income for everyone has dropped since the "recovery" began. This is the major reason why we aren't seeing the housing recovery we had hoped for.
Oh there is one bright spot if you happen to work for the government. Even though your average income dropped also, it dropped less than the private sector and is now 17% higher than self-employed and 22% higher than private-sector workers. Of course we know that many self-employed people have taken a forced semi-retirement due to the economic reality of underemployment.
For more information on my coaching and educational programs and services, visit my website or go to my other blogs "Steve Hoffacker's Home Sales Insights,""Steve Hoffacker's Success Quips," and "Steve Hoffacker's Sales Training Tips" for additional sales tips, insights, and commentary. Listen to my free podcast messages at "Steve Hoffacker's Happenings."
Steve Hoffacker - Sales Trainer, Author of Sales Books, Commercial Real Estate Broker, Marketing Consultant, Sales Coach, Blogger, Photographer, Motivator, Podcaster, and Teacher. - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
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