Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: ggersh who wrote (94101)	2/11/2009 6:35:01 PM
From: ajtj99	11 Recommendations Read Replies (2) of 116555

gg, I also remember 30-years ago most people didn't have: -Big screen TV's, multiple TV's -2,400 square foot homes -2.5 cars (the new average) -Home Computers -Internet Access -Cable Television -Video Game consoles (Pong doesn't qualify) -Lunch or dinner out several times a week -Cell phones, calling and texting plans -PDA's -i-Pods and MP3 players, downloadable content -Home Theaters -Pimp that house interiors -The need to buy premium fuel that does little for your car -Dog groomers -Lawn Service -Cleaning service -fertilizer service -designer pet food -microwave meals -pay per view -Cruise vacations -Chucky Cheese -Nail salons -Travel soccer, AAU teams -bottled water -organic food -credit card debt -6-year auto loans -used car loans -home equity loans There are tons of things like this that would have been considered luxuries 30-years ago that are now taken for granted by many middle class households. I don't think most incomes are insufficient to raise a family. What I think is often people's lifestyle expectations do not meet their ability to pay for it.

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