Sunday, March 29, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Fed survey: 25 percent of households ‘just getting by’

By
From page B11 | August 08, 2014 |

WASHINGTON  — A quarter of U.S. households say they’re “just getting by” financially, a survey by the Federal Reserve shows.

The Fed issued the first-time report Thursday, describing it as a snapshot of how Americans perceive their financial and economic well-being. The survey of about 4,100 households was conducted from Sept. 17 through Oct. 4, 2013.

Thirteen percent said they were struggling to get by, and 34 percent reported they were somewhat worse off or much worse off than before the Great Recession hit in 2008.

Other findings: a third of those who had applied for credit in the previous 12 months said they were turned down or given less than they requested, and 24 percent had some type of education debt.

Thirty-one percent of people who aren’t retired said they had no retirement savings or pension, including 19 percent of those aged 55 to 64. Nearly half of adults weren’t actively thinking about financial planning for retirement, with 25 percent saying they had done no planning at all.

Twenty-six percent of homeowners said they expected prices in their neighborhood to increase by as much as 5 percent in the 12 months following the survey period.

As the economic recovery enters its sixth year, a number of factors help explain why many Americans don’t feel better off: Income hasn’t rebounded. Millions are working part time even though they want full-time jobs. It’s taking longer to find work. People are still struggling with mortgage debt. Most people don’t feel free to spend as much as they once did.

A new annual report released Thursday by the Commerce Department shows that consumer spending has soared since the recession ended in U.S. states with oil and gas drilling booms and has lagged in states hit especially hard by the housing market bust. The state-by-state report points to substantial shifts in the economy since the recession.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

Vanden High library project nears completion

By Bill Hicks | From Page: A1 | Gallery

 
Vanden girls end stellar season

By Brian Arnold | From Page: C1, 1 Comment | Gallery

Cheers for Jupiter – and roller derby

By Brad Stanhope | From Page: A2, 2 Comments

 
Red Cross volunteers help assemble first aid kits

By Bill Hicks | From Page: A3 | Gallery

PG&E helps replace stolen equipment

By Bill Hicks | From Page: A3

 
Justin-Siena names new principal

By Bill Hicks | From Page: A3

 
Vacaville police make arrest after pursuit

By Bill Hicks | From Page: A3, 3 Comments | Gallery

Vacaville bridal, quinceanera show a hit

By Susan Hiland | From Page: A5

 
Event benefits child who attends Cambridge School

By Susan Hiland | From Page: A5 | Gallery

Free paper shredding option returns to Fairfield

By Susan Hiland | From Page: A5 | Gallery

 
Best barometer of investment success: Wealth

By Mark Sievers | From Page: B8

 
Tips on hydrozoning your garden

By Tina Saravia | From Page: B8, 2 Comments

 
Fairfield police log: March 27, 2015

By Susan Hiland | From Page: A12, 2 Comments

 
Suisun City police log: March 27, 2015

By Susan Hiland | From Page: A12

.

US / World

Crash victim’s father calls for more focus on pilot welfare

By The Associated Press | From Page: A1

 
Experts: Sex bias case will embolden women despite verdict

By The Associated Press | From Page: A1

 
Popular Yosemite National Park lookout opens early in season

By The Associated Press | From Page: A9

 
Some British Airways frequent flier accounts miles breached

By The Associated Press | From Page: A11

7 shot and injured at Florida spring break house party

By The Associated Press | From Page: A11

 
Boko Haram kills 39, legislator, disrupting Nigeria election

By The Associated Press | From Page: A11

Official: Al-Shabab siege at Somali hotel ends, 24 dead

By The Associated Press | From Page: A11

 
 
Bird flu found in a top Minnesota turkey producing county

By The Associated Press | From Page: A11

Islamic fighters led by al-Qaida in Syria seize major city

By The Associated Press | From Page: A13

 
.

Living

Today in History: March 29, 2015

By The Associated Press | From Page: A2

 
Community Calendar: March 29, 2015

By Susan Hiland | From Page: A2

Pope finds popularity and dissent at 2-year mark

By The Associated Press | From Page: C3

 
Truth does not change

By The Rev. Art Zacher | From Page: C3, 24 Comments

Horoscopes: March 29, 2015

By Holiday Mathis | From Page: B8

 
Daughter choses stepdad over father to walk her down the aisle

By Kathy Mitchell and Marcy Sugar | From Page: B8

.

Entertainment

PUBLISHERS WEEKLY BEST-SELLERS

By The Associated Press | From Page: A10

 
Second Julie Andrews memoir expected in 2017

By The Associated Press | From Page: A10

Chrissie Hynde memoir coming in September

By The Associated Press | From Page: A10

 
TVGrid

By Daily Republic Syndicated Content | From Page: B12

.

Sports

 
Warriors beat Bucks 108-95, clinch top seed in West

By The Associated Press | From Page: B1

Wisconsin heads to Final Four after 85-78 win over Arizona

By The Associated Press | From Page: B1

 
Burns scores winner in SO to lift Sharks past Flyers, 3-2

By The Associated Press | From Page: B1

 
Jenest pitches SCC baseball team to shutout of Contra Costa

By Daily Republic staff | From Page: B2

AP sources: Texas fires coach Barnes after 17 years

By The Associated Press | From Page: B2

 
Kazmir, Quintana both strong; A’s beat White Sox 10-4

By The Associated Press | From Page: B2

Zunino homers twice, but Giants rally to edge Mariners 9-8

By The Associated Press | From Page: B2

 
Gordon, Earnhardt among the winners and fans of Martinsville

By The Associated Press | From Page: B2

Prince Bishop wins Dubai World Cup, California Chrome 2nd

By The Associated Press | From Page: B2

 
Serena Williams easily wins opening match at Miami Open

By The Associated Press | From Page: B2

Power leads Penske sweep in qualifying for IndyCar opener

By The Associated Press | From Page: B2

 
Revolution win first of season, beating Earthquakes 2-1

By The Associated Press | From Page: B2

Jimmy Walker leads hometown Texas Open

By The Associated Press | From Page: B3

 
.

Business

A glance at women in leadership roles in business worldwide

By The Associated Press | From Page: B8

 
For business, more women in charge means bigger profits

By The Associated Press | From Page: B8 | Gallery

US drillers scrambling to thwart OPEC threat

By The Associated Press | From Page: B8 | Gallery

 
Test trial to use computer servers to heat homes

By The Associated Press | From Page: B14

.

Obituaries

Betty Mason

By Nancy Green | From Page: A4

 
Tiffany Lyn (Helzer) Kemp

By Nancy Green | From Page: A4

Richard F. Coleman

By Nancy Green | From Page: A4

 
James Lee Lewis

By Nancy Green | From Page: A4

Helen Kalis

By Nancy Green | From Page: A4

 
Carol A. Vose

By Nancy Green | From Page: A4

.

Comics