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Are You Better Off Than You Were Four Years Ago?

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  • Description

    FBN's Liz MacDonald on the 'better off now' debate.

  • Duration 2:05
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I only -- Democratic National Convention beginning and Charlotte, North Carolina the biggest question remains take a listen.

Are you better off.

-- -- word for years ago.

Republicans running again on that question made famous by Ronald Reagan -- McDonald is here with.

Now Lindsay because -- debtors couldn't answer -- over the weekend.

And the question was asked -- in 1982 Jimmy Carter -- -- are you better off now vs four years ago verses.

It could have been a lot lot worse recovery right so they here's the yes side here's a positive T yes you are better -- get -- -- essentially that.

GDP is up one point 7% annualized so far this year though this is -- recovery of downward revisions.

Corporate profits are up core inflation is tame.

Average hourly wages are up but look at the negatives you can see now not better ought to get -- -- of course eight point 3% jobless rate.

That's basically 42 months straight up 8% plus unemployment.

Essentially gonna -- 39%.

Drop in median net worth 8% drop in average annual income.

And nearly a third of mortgages is still underwater still a positive sign here US house prices though.

Posted their first ever year to year gain.

Of verses that I would say 2006 when he knocked out that 2010 housing credit.

So the bottom line is are you better off the one -- to look at net job losses 3161000.

Net job losses since January 2009.

You know what's really interesting is much is they can't stand corporate America -- helped corporate America but they've heard the little guy.

So all the -- that you just gave us that are down median income things like that that's what pairing us at home.

But meanwhile you have production and things like that all up so they've done exactly opposite what they claim they've been doing.

Why -- we have focused like -- labour -- and -- -- be water cooler debate yet again it's a percentage of the US labor force is that what a thirty year low so those those are just some of the numbers to keep a hold of as a debate -- Florida's election rolls on.

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