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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (56874)3/26/2006 12:46:57 PM
From: Elroy Jetson  Read Replies (3) | Respond to 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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To: GraceZ who wrote (56874)3/26/2006 3:19:50 PM
From: sammy™ -_-  Respond to of 110194
 
As we get older we better eat alot healthier, I follow this...
dadamo.com it really works.



To: GraceZ who wrote (56874)3/26/2006 3:36:28 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
If hourly wages were being eaten away by inflation as much as some economists claim, lagging the official CPI, then we'd see a marked decline in living standards across a broad swath of income groups.

If all things were equal that makes sense.
But you are overlooking people going into debt to maintain lifestyles. That has to be factored in. It is huge and you ignored it.

Mish