{"id":644,"date":"2019-05-28T10:49:06","date_gmt":"2019-05-28T14:49:06","guid":{"rendered":"https:\/\/blog.bmbs.org\/?p=644"},"modified":"2019-05-28T10:49:06","modified_gmt":"2019-05-28T14:49:06","slug":"boom-economy","status":"publish","type":"post","link":"https:\/\/blog.bmbs.org\/?p=644","title":{"rendered":"Boom Economy"},"content":{"rendered":"\n<p>The U.S. Federal Reserve (Central Bank) has issued a 64-page <a rel=\"noreferrer noopener\" href=\"https:\/\/www.federalreserve.gov\/consumerscommunities\/files\/2018-report-economic-well-being-us-households-201905.pdf\" target=\"_blank\">report<\/a> that challenges assumptions about the economy that it consistently gives high grades to.\u00a0 Even though \u201cmany families have achieved substantial gains\u201d since 2013, the survey found that 39 percent wouldn\u2019t be able to put together $400 for an emergency expense.\u00a0 About 60 percent said that if they lost their jobs, they couldn\u2019t cover three months of expenses <em>even if<\/em> they took out loans, sold assets, or borrowed from friends and relatives.\u00a0 (For comparison:\u00a0 The consumer debt of the average American credit card holder \u2013 <em>not<\/em> family \u2013 is more than $4,000.)\u00a0 The 11,000 interviews upon which the survey was based were on-line, so Americans in the toughest straits \u2013 without access to internet or cell phones \u2013 may not have been included. <\/p>\n\n\n\n<p><em>This has been one of the longest economic expansions in U.S. history. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Federal Reserve (Central Bank) has issued a 64-page report that challenges assumptions about the economy that it consistently gives high grades to.\u00a0 Even though \u201cmany families have achieved substantial gains\u201d since 2013, the survey found that 39 percent &hellip; <a href=\"https:\/\/blog.bmbs.org\/?p=644\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/644"}],"collection":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=644"}],"version-history":[{"count":1,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/644\/revisions"}],"predecessor-version":[{"id":645,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=\/wp\/v2\/posts\/644\/revisions\/645"}],"wp:attachment":[{"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.bmbs.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}