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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: philv who wrote (2608)6/24/2003 5:49:10 PM
From: benwood  Read Replies (1) of 4907
 
The lower middle class in the US has had a declining standard of living for about 25 years now, maybe 30. I expect that decline to accelerate in the next 10 years. My parents, who are below that level, are encountering huge water, sewer, and electricity hikes right now, with the explanation from their public utility that it only amounts to "3% of the median income for Washington State." Well... 3% would be before tax, so that's about 5% after tax. Trouble is, my parents live in a town where the median is about 1/2 of Washington State, so the average burden is going to be 10% or so for them. My parents are below average for even that area, so it works out to a good 15-20% for them. Their home will simply get colder and colder each winter.
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