Obama: Despite Recovery, ‘The Stress that Families Feel, That’s Real, Too’

‘We can see that homes in our communities are selling for more money and the stock market’s doubled and maybe the neighbors have new health care or a car fresh off an american assembly line’

“At the same time, it’s also indisputable that millions of Americans don’t yet feel enough of the benefits of a growing economy where it matters most — and that’s in their own lives. And these truths aren’t incompatible. Our broader economy in the aggregate has come a long way, but the gains of recovery are not yet broadly shared — or at least not broadly shared enough. We can see that homes in our communities are selling for more money, and that the stock market has doubled, and maybe the neighbors have new health care or a car fresh off an American assembly line. And these are all good things.  But the stress that families feel — that’s real, too. It’s still harder than it should be to pay the bills and to put away some money. Even when you’re working your tail off, it’s harder than it should be to get ahead. And this isn’t just a hangover from the Great Recession. I’ve always said that recovering from the crisis of 2008 was our first order of business, but I also said that our economy wouldn’t be truly healthy until we reverse the much longer and profound erosion of middle-class jobs and incomes.”

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