Where are we now? Personal Finance in the 21st century

Image : http://www.flickr.com

We have reached the end of the first decade of the new millennium. In the early years of the new century, we witnessed some of the largest concentrations of wealth in history.

But eventually the housing market and the stock market showed the emperor without clothes. Since the company closed its pension plans, where retirees want to know what you get if you cut off their retreat, to defined contribution plans, where employees have acceptedMarket risk, which seems an excellent idea that suddenly an albatross, a sign of evil and the idea of a difficult period.

Whatever index is considered, the markets fell, however, these expectations of people in poor condition. But what is worse than it means a loss of 28, 35 or 40%, people who have no basis other liquid assets.

The richest 1% of American control in 33% of private wealth in the country. The next 19%, which isProfessionals, small business owners and management control to 51% of assets. Thus, only 80 percent of American workers is still below 16% of the wealth of the economy. This means that employees and the salaries of employees, while those who form the majority of the American workforce, very little control over their own destiny.

If you are a Democrat, Republican or independent, libertarian, that is equal to all members ofAffiliate. Most of them go bust hell open. The majority of parliamentarians in both houses of Congress, there are the payments must be preserved. If not, then in office until that date.

So it's no wonder that Americans have little to say about what is happening in the world. No pressure for normal people. There is no senator who will work to promote legislation that benefits the average Joe and Jane.

But there is a price to get wealth. The more you have theWant more. Back in the 60s, a reporter asked how much money is enough. John D. said: "Only a little 'more."

A study of New York who earn more than $ 200,000 a year, has proved far better than most Americans, have felt better about his relative lack of wealth to gain more from the comparison. In other words, do not bother to earn more per year than those earning less than $ 100,000 per year

InsteadFocusing on the rewards of a day of honest work for honest bread, and that anyone, regardless of trivial or banal, with a value in itself, we find that those who run a company through the workers are offset by the abolition of the best, but as those whose work can be placed in the product on the market.

With President Obama to work on the package of health care was adopted, could shed some 'light at the end of the tunnel. Moreover, the lawunintended consequences may enter and return in the autumn of 2009. But there is still much to be desired, not only by those in power, but by ordinary people like you and me.