American Pride the prevention of a Depression? Does America exist in a hidden Recession?

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There is no single economic term for the collapse of your standard of living…

The Recession officially ended nearly a decade ago, but according to whom? Approximately 23% of adults that were at least 18 when the recession began in 2007 say they are doing worse financially than before, according to a new Bankrate survey. There are numerous factors we can contribute to this survey.

Lack of consistent wage growth, hire costs of goods, cost of living increases and housing prices factor into the equation. When asked about wages only 46% of those surveyed said their pay is now better. 32% of the respondents claimed it is about the same. 21% stated their pay is worse now than before 2007.

In 1975, it took nine years to save up a 20% down payment for a median home in the United States (Source: Unison). This was achieved by putting away 5% of a median income earner’s gross earnings.

Today there are some cities like San Francisco where you need to save for 40 years to buy a house to afford the down payment. That is mind boggling.

Skyrocketing home prices, a dearth of new housing and policies that favor existing homeowners are locking many younger Americans out of the market. This is based on information obtained from Atlantic Reports. The cities that join the list of “unobtainable” median housing for new people coming of age today are: Seattle (27 years), Portland (23 years), San Jose (31 years), Boston (30 years), New York (36 years), Miami (36 years), and Washington D.C. (28 years).

Remember these years are determined by saving 5% in today’s climate. Five years from now these numbers may increase. Generationally the consequences of this are staggering. A thirty year old in Miami making the median income today ($64,338), at a 5% annual savings rate, to save for the median house price ($350,100 according to Bestplace.net) it would take this person until they were fifty one (51) years old to afford a house.

Remember, this figure assumes the price stays the same. . The Median Sales price increased from $220,000 in July of 2014 to $350,100 according to Trulia.

At the rate prices are increasing, with wages staying the same, the new generations of adults making median income are destined to never own a median priced home.

The conventional term of an Economic Recession is defined as — .

Recession does not measure: 1) Quality of Life of Citizens, 2) Housing Ownership, 3) Standard of Living, 4) Type of Food Consumed, 5) Wage Growth, 6) Purchasing Power, or 7) Health Care Quality. These items are “byproducts” of a Recession and the more extreme “Depression”.What do you call a decline in all seven of these aspects that are so important to people’s lives? There is no single economic term for it.

How sad the government has no economic definition for identifying its citizens lives are in decline.

Common sense dictates when the quality of life declines en masse a problem is apparent. When most citizens cannot afford a median priced home issues exist. When the quality of food begins to decline due to population constraints concern is merited. When wage growth has not moved in the longest time since the 1920’s great depression alarms ring. When health care quality seems to elude most of society (due to rising costs) a crisis is unfolding.

A SILENT TRADE WAR STARTS

My dear friends the economic state of America is in crisis without antagonizing foreign powers. Our president in his infinite wisdom now decides to antagonize our situation by affecting more parties. Mexico is threatened with Tariffs, China has a 200bn Trade war ensuing and now India is fed up.

Are you thinking…wait India??

Yes India.

American goods including apples, almonds, and lentils, as well as several chemical products, will be hit with a 70% tariff by India. India announced increased tariffs for certain U.S. exports. The two countries exchange goods and services worth about $142 billion a year. The American relationship with India went south when President Trump ended India’s participation in a preferential trade program earlier this month.

Thanks CNN for not covering a silent trade battle that could begin a third war. Hitler lost not due to morality or humanity issues — Hitler lost because he engaged multiple enemies on multiple fronts…a mistake Trump seems not to be aware of.

HOW TO ADDRESS FEAR WITH KNOWLEDGE

Cost of living rises and standard of living falls. Well depends on what you do with the knowledge. Remember there are opportunities in every market. Agriculture prices will rise. If you are keen enough to play commodities markets dramatic profit opportunities exist. If you are wise enough to invest in REITs, rental income will boom. I own several REITs and am enjoying the upswing of this market.

If you realize businesses are hemorrhaging over costs of goods and demands for worker wage increases — you will invest into robotics. I recently took a fifteen percent (15%) stake in a company geared at eliminating high pay, hazardous waste removal jobs.

Ladies and gentlemen you can watch a crisis unfold, complain to your regulators and become poor as the market evolves. Or you can watch a crisis unfold, complain to your regulators and capitalize as the market evolves.

I choose the latter. You should too. Discover tangible ways to create sustainable strategies for your future in a technological age by following me on Medium or signing up for my quarterly newsletter.

To your knowledge success!

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About Christopher: Christopher Knight Lopez is a Professional Entrepreneur. Christopher has opened over 7 businesses in his 14-year career. Christopher’s purpose is to take advantage of various market-driven opportunities. Christopher is a certified Master Project Manager (MPM) and Accredited Financial Analyst (AFA). Christopher previously held his Series 65 securities license. Christopher also has his General Lines — Life, Accident, Health & HMO. Christopher has managed a combined 286mm USD in reported Assets Under Management & Assets Under Advisement. Christopher has work experience in 29 countries, raised over 50mm USD for various businesses, and grossed over 7.5mm in his personal career. Christopher worked in the highly technical industries of: biotechnology, finance, securities, manufacturing, real estate, and residential mortgages. Christopher is a United States Air Force Veteran. Christopher has a passion for family, competitive sports, fishing, martial arts and advocacy for entrepreneurs. Christopher provides self-help classes for up-and-coming entrepreneurs. Christopher’s passion to mentor comes from belief that entrepreneurs need guidance. The world is full of conflicting information about entrepreneur identity. See more at www.christopherklopez.com.

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Christopher is a Professional Entrepreneur with over 14 years of experience, a Master Project Manager, Financial Analyst, & Master Financial Planner

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