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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (5950)	1/23/2004 12:20:16 PM
From: mishedlo	Read Replies (1) of 110194

The typical U.S. family in the 1970s had one wage earner. As of 2000, it had two. What family expense increased the most in this period, as a percent change? 44% (12 Votes) Total spending on health care... 22% (6 Votes) Total spending on mortgage payments... 7% (2 Votes) Total spending on cars and maintenance... 26% (7 Votes) Total spending on home entertainment... ========================================================= The answer Adjusted for inflation, mortgage payments rose 69% in real terms for the typical U.S. family in this period. So while the typical U.S. family in 2000 had 75% more income than its counterpart in 1973, it was still left with less after expenses.1 From: 1 Warren & Tyagi, The Two-Income Trap: Why Middle Class Mothers & Fathers Are Going Broke (New York: Basic Books, 2003), pps. 50-51, and Chapter 2, passim. And more information here: cbsnews.com =====

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