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

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To: GraceZ who wrote (56874)	3/26/2006 12:46:57 PM
From: Elroy Jetson	Read Replies (3) of 110194

Are you better off than your parents were at your age? Probably not. The average two-income family today earns 75% more (adjusted for inflation) than a one-income family earned a generation ago. Nonetheless, today's two-income family has significantly less discretionary income once the basic bills -- mortgage, health care, education and so on -- are met. And thanks to the proliferation of credit cards, the average household today carries 100 times more debt (adjusted for inflation) than their parents' generation did. That debt has become an enormous burden. Consider this: In 2004, more Americans filed for bankruptcy than graduated from college, suffered heart attacks or were diagnosed with cancer. The single best risk factor for bankruptcy? Having a child. Smart Money -- By Aleksandra Todorova -- March 30, 2005 ssmartmoney.com .

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