This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mood Of The Nation: Some Optimism Amid Struggles

Cragnotti's glad the U.S. economy and job outlook seem to be slowly picking up. But she's eager to see it translate to more than just numbers in the news.

"Our personal economy is not that great," she says.

â¿¿ Associated Press Writer Dave Carpenter

__

MIAMI (AP) â¿¿ Hilda Mitrani's long-time clients are spending cautiously, if at all â¿¿ and she has had to adjust her own lifestyle as a result.

She delays making home repairs. She keeps an eye on the thermostat. And only occasionally, she's able to treat herself to a new pair of shoes.

"It's been a hard recovery," says the single mother of two children.

Mitrani is among many feeling squeezed by a painfully sluggish economic rebound. Unemployment remains high at 7.8 percent. Average pay trails inflation. And the economy is growing too slowly to accelerate hiring.

Mitrani's clients in the nonprofit and health care sectors are reluctant to spend on public relations when they may need that money for supplies or other basics, she says. So Mitrani, who used to employ two part-time workers, now runs the business alone.

But even with lower overhead, she still feels squeezed.

"You're not sure if you're going to get paid this month or next month, or if you're going to have a new client to replace the project that you just finished," she says.

Routine utility bills feel like a burden. And thinking about college tuition payments â¿¿ her daughter is a junior at Washington University in St. Louis â¿¿ is "nerve-wracking."

More than anything else, though, she laments the endless string of payments for insurance. "Between the car, the house, the health â¿¿ so much of the income goes to insurance that it's hard to get ahead," she says.

She rations healthcare for herself to cut down on co-pays. And when her daughter needed medical attention earlier this year, she found herself saying dueling prayers in the hospital.

3 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs