Saturday, September 25, 2010

debt and income

there's a link in my shared items about the rising costs of housing
and higher ed being connected. it seems like a big fucking duh moment
to me, but wevs. what also seems like a big fucking duh moment to me
is that for 40 years the real average income of people has
beendropping while consumer debt rises. now the douchebags like to
blame people for putting their morning coffe on a credit card, but
when your income literally doesnot buy as much as your parents income
did, then how else are people who are told they are middle class
supposed to do things like clothe the kids and buy groceries. if wages
had kept up with inflation, perhaps consumer debt wouls be lower, and
credit card cos wouldn't be getting their 25%

--
The trouble with being poor is that it takes up all of your time.
Willem de Kooning

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