Reply #18: Revolving debt, car loans, mortgages...... 2005 savings down, and debt up. [View All]

Flexible smaller purchases go Down-Last 30 years spent all savings, and went into debt, and what did they spend it on? Federal via commerce keeps data on where money is spent..... clothes - 32 less on clothes now verses a generation ago? Food? 18 % less now than a generation ago. Appliance 52% less.


Big expenses go Up- 76 more for a mortgage. Health insurance-74 percent more. Car Child car-100 % more. Taxes- up 25%


After five basic expenses paid-family today has less money than a generation ago.

The economics of what has happened in the last generation and now facing more risk....


Hospital gains are because we send them home sicker and quicker..... Insurance shift from coverage to no coverage.


For lots of working people, things are real bad. Tents for homeless. This is not working for the working people.... Now banks have raided our tax dollars, for obscene bonuses.