
Many say the economy has gotten better and that families are
more secure than in the past. Many
postulate that the recovery was a success and that the country is on the road
to economic recovery once again. But the
reality of any economy has to be measured by the strength of its individual
members and in this case the measure for success is simply not there.
60% of all Americans have less than a thousand dollars in
saving. Before you gloss over that
staggering number, think about what you have in savings? How hard were you hit by the continuing
recession? I say continuing because a
recession should not just be measured by the technical indicator of two
consecutive quarters of negative economic growth as measured by a
country's gross domestic product (GDP).
A recession is both a national measure and an individual measure. But when the individual measure of risk
involves a significant number of the population the GDP measure should be
discounted, while the national measures of grouped individuals should be
promoted.
That’s what we have now and that’s why we are still in a
recession. What does it matter if the
country is going strong if the citizens of that country continue to suffer and
struggle?
When 60% of Americans have less than a $1,000 dollars the
risk of emergency fallout is critical.
In addition to the above number 21% of those surveyed (5,000) had no
saving at all. What happens when a car
breaks down, or a hospital stay occurs, or a broken bone or even a loss of a
job? The risks to life become dire when
60% of all Americans run the risk of total failure from life’s common
events. This is not economic recovery;
this is the reality of our economic policies and the absolute disregard for the
people of this country.
I must mention that there is a trend afoot that might have
some measure of influence over the above numbers and that is the lack of desire
toward accumulating saving’s. Many
simply refuse to save and willingly live paycheck to paycheck. They buy too much, they want too much and
they are unhappy with the prospect of driving a used car as opposed to a used
car. They have forsaken frugality and
the joys of security for the pleasures of now.
The trend not to save may have some influence over the 60%
discussed but there is no measure to indicate what percentage of people
succumbs to the pressures of selfishness over savings. The indicator of past economics however does
put a clear picture of personal responsibility with the understanding that prior
to the past recession the number of those who had significant savings was far
higher and those without at least a $1,000 was significantly lower.
Is it the entire governments fault? Do the people have a role to play in this
looming disaster? From a political view,
I am the Political Dad, so speaking politically should not be a surprise, but
from that political view the democrats blame big business and the
Republicans blame the Democrats. Only a handful of candidates are placing
blame on the government.
Trump wants to lower taxes significantly and that will have
a serious impact on the government’s ability to collect revenues. Ted Cruze also wants to lower taxes and even
Jeb bush, yes he is still in the race, wants to lower taxes. But the question arises, is it simply the
ability to save that is the question of personal economic health? Will lower taxes help the individual to save
more or will they simply spend more?
The real question is not about money at all in fact the real
issue is in understanding the difference between pleasure and joy. In short and apart from the economics that
have affected all of us is that basic understanding that pleasure always comes
from something outside of you, while joy is realized from within.
We may get great pleasure from that new car or a new house
or new clothes etc…but the fleeting and temporary condition that is pleasure
never lasts and must be supplanted with other external stimulus in order to be
sustained.
We get great joy from delving deep into our selves, loving
who we are and what we have, being appreciative of the blessings that surround
us. Joy cannot be taken away nor
diminished by age or use. Joy builds
like a bank account, growing stronger as we deposit positive thoughts and
memories.
The problem with so many perhaps is that while pleasure
costs money and is easy to obtain the long term effects quickly fade away. Joy requires time and attention; it requires
love and devotion, thoughts and thoughtfulness toward others and ourselves.
With the current
recession raging unchecked in most of our lives and with a government and
leaders who fail to understand the significance of their policies we are not
powerless to create that significant change that will lift our spirits and our
lives out of the selfish pool of despair.
Don’t get me wrong we cannot pay our bills with an increase
of joy but we can learn to live more fully and do so with less expenditure,
creating a healthy, positive life style that will allow us to save more and be
more balanced economically and spiritually.
Especially now, during this Christmas Season (noticed I did
not use the irreverent xmas) when our minds are more in tune with the selfless
and more prone to service. We are a
great and resilient people but we should never forget from whence we came. As I proclaim to all who read I am a child of
God and acknowledge his parentage to me.
I am of royal birth and understand my duties to live by the royal creed
of “men are that they might have joy” (2Nephi 25,
the Book of Mormon)
Merry Christmas to one and all….
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