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US govt. made life harder for average American families: Analyst

Friday, 27 February 2015 9:42 PM [ Last Update: Friday, 27 February 2015 9:48 PM ]

The US government’s decisions have made “life more expensive and harder for the average families.”

An American analyst says most people in the United States believe that decisions made by the government have made “life more expensive and harder for the average families.”

“Washington doesn’t pay attention to the suffering,” James Bovard from The Future of Freedom Foundation told Press TV on Friday.

The analyst made the comments about a new poll that showed a majority of Americans said they experienced a financial shock last year and feel unprepared for a financial emergency six years after the Great Recession.

The poll released Thursday by the Pew Charitable Trust found that 82 percent of US households reported suffering a financial shock such as a hospital visit, the loss of a spouse or major car or house repairs in 2014.

Overall, 56 percent of US families said they are worried about their finances during the previous year and 57 percent did not consider themselves ready for a sudden financial setback, according to the survey.

“Most Americans as this poll shows are having a lot of financial issues. Part of the trouble is that the Federal Reserve has driven down the interest rate to zero, so people that try to rely on their savings have been crucified,” Bovard said.

“There are so many other things that the government has done to make life more difficult for the average Americans. They have made food a lot more expensive,” he said. “There are so many government restrictions that make it more difficult for people to live cheaper and easier.”

AGB/AGB

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