To: KLP who wrote (421672 ) 4/13/2011 2:35:06 PM From: Katelew Respond to of 793838 What you say here, I agree with you on. I was only saying the rate of poor in the country could never go to zero or anywhere close.We will have not only the Grasshoppers who have never saved money on purpose, but now we will have the Ants who HAVE saved, land in the poorhouse as well. My own expectation is that the standard of living on average will gradually fall for most of the country and over a period of ten, maybe even twenty years. Along with that, I'm expecting the numbers of people living below some arbitrary "poverty line" will increase. To avoid slipping into povery, I'm guessing there will be a trend to multi-generation households with more of the elderly living with children---something that could actuallly benefit both generations, financially speaking. The reason I say this is because Medicaid will be shrunk--one way or another it's coming, imo. I think close to half of Medicaid is going out to give the elderly free nursing home care, including medications and doctor visits, but I need to check on this. The country can't afford this, especially since the numbers of elderly are fixing to increase disproportionate to the population in general. An increase in multi-generation households, if it happens, will keep downward pressure on housing construction and housing prices....even land prices to some extent. Multi-generation households could be a major trend re the economy as it would affect purchasing of furniture, appliances, automobiles, lots of things. I'll be watching for statistical evidence of it. BTW, my keyboard is sticking and stuttering and I'm tired of correcting all the time. Just gonna let the typos stand...ugh.