Disenfranchised people are those who feel deprived of a legal right or privilege. The number of people disenfranchised within the United States is part of the reason Donald Trump, a candidate without a history in politics, was elected to office. While much of the country is recovering from the Great Recession, there continues to be a lag for many disenfranchised Americans.
For some, there’s a feeling that they can’t afford anything anymore. One poll found that a large swath of middle-class Americans long for quality jobs, affordable health care and child care and both economic and financial security.
Over the past three decades, America’s economy has moved from manufacturing-based jobs to service-based jobs. This gradual process transformed the job market. Even with today’s low unemployment rate, there are jobs available, but in many cases, those who need the job may not have the skills and experience that the position requires or it may not pay the wages they are looking for.
Americans dissatisfied with the health care initiatives introduced by Barack Obama reported a variety of motives for voting Trump. A common complaint was that premiums seemed to increase every year. Others went deeper, saying Trump’s proposals would promote personal responsibility rather than guarantee health care for those who are “lazy and entitled.” Sixty-six percent of Trump supporters said the economy is “rigged for people receiving government assistance.”
The combination of expensive health care options, a difficult job market and overwhelming debt, and it’s easy to see why some have become so disenfranchised. How many Americans are we talking about?
Leading up to the election, a Gallup poll found only 27 percent were satisfied with the current state of the country. A post-election poll in December found a similar overall result, with Democrats still feeling slightly better than Republicans despite the presidential election results.
Dissatisfaction can take on different forms. Many people have their concerns about the future of the country, but perhaps more importantly, are focused more on their own personal situation. The fact is, contentment has a lot to do with feeling confident, or at least hopeful, about your future.
One way to work toward this confidence is to insure a portion of your retirement assets. That’s where we come in. We are an independent firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. Please contact us if you’d like to discuss ways to develop more confidence about your ability to provide income throughout retirement.
Interested in reading more? Here are some articles that may be of interest to you:
[CLICK HERE to read the article, “Rural America Demands the Nation’s Attention,” from The Till. December 9, 2016.]
[CLICK HERE to read the article, “The Needs of Working Folks,” from The Center for Retirement Research at Boston College. November 15, 2016.]
[CLICK HERE to read the article, “If Not Obamacare, Then What?” from The Atlantic. December 20, 2016.]
[CLICK HERE to read the article, “U.S. Satisfaction Remains Low Leading Up to Election,” from Gallup. October 13, 2016.]
[CLICK HERE to read the article, “Are Americans Happy with the US? Election, Economy, Wars Have Most Dissatisfied, New Poll Finds,” from International Business Times. December 16, 2016.]
Raymond C. Lantz, Jr. is the president and founder of USA Wealth Group, Inc. Ray has many years of experience advising clients in retirement and sophisticated tax planning strategies, multi-family and commercial real estate projects, and legacy planning. Ray is a graduate of Clark University, holds a law degree from Boston College, and a master of laws in taxation from Boston University. You can hear him every Sunday on Money Wise with Ray Lantz on WBSM 1420AM or on the Radio Pup app.