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

To: mishedlo who wrote (66653)	7/21/2006 6:12:44 PM
From: GST	Read Replies (2) \| Respond to of 110194

<what % of the US population is that> Good question -- I am inclined to say that most of us consume more than we should. Overconsumption is the "American way". I am also guilty of this -- we are a very wasteful society. It goes along with believing you are wealthy. As for the exact percentage who are living so far beyond their means that they will go bankrupt I could not say -- I doubt the number will be that high. But the number of people who are forced by economic circumstances to reduce their consumption and change their habits I expect to be the vast majority of the population. This will make people feel 'poor' in comparison with prior feelings of being 'wealthy'.