Americans’ Assets Decline 22% Under Obama

Obama Laughing

Under the leadership of President Obama the value of Americans’ assets has declined by a whopping 22%. To make matters worse, the dept to income ratio of Americans is higher than it’s been in three decades. But I’m sure this won’t make the evening news.

The struggling economy, President Obama’s inability to fix unemployment and the sour housing market have cut the value of assets held by adult Americans by 22 percent since 2007, according to Pew Research.

In a new analysis of American household fiscal healthiness, Pew also found that those 35 and older have a higher and out-of-whack debt-to-income ratio of 1.22, the highest in three decades.

The crash in household assets and rise in debt comes as Americans are paying more in payroll taxes and at the gas pump, an unhealthy concoction that is sapping support for Obama.

A new Economist/YouGov poll provided to Secrets found Americans split on Obama, with 47 percent approving of his job performance, 46 percent not. And younger voters are especially distressed, with Obama receiving just 43 percent approval from those 18-29 who went overwhelmingly for him in the 2012 election. (Read More)

We’ll be lucky if our assets are worth anything by the time Obama’s finished with us.