Families Go Deep in Debt to Stay in the Middle Class — Wages stalled but costs haven't, so people increasingly rent or finance what their parents might have owned outright — The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.
Stupid chumps. As previously noted, your bosses will work you 'til you're in your graves!35 yrs. later everything's worse, & I'm so. Fucking. Tired. (Sickened, too.) Fuck every damned one of you rats-in-a-cage to the hell of your continuing existence on the American treadmill.
Wall Street Journal:
Families Go Deep in Debt to Stay in the Middle Class — Wages stalled but costs haven't, so people increasingly rent or finance what their parents might have owned outright — The American middle class is falling deeper into debt to maintain a middle-class lifestyle. Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.
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