ReasonTV - War on the Middle Class?
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Stumble ThisThis clip makes me think of how hard it was (and is) for me to separate myself from my identity as a consumer. I find myself firmly in the middle class (probably on the lower end) and am able to buy the things I need while saving and paying off debt (slowly, but making ground.) I can't buy everything I want though. :(
EDIT: But I don't have a mortgage either. I will at some point when I earn more, but that is a little while away.
EDIT: But I don't have a mortgage either. I will at some point when I earn more, but that is a little while away.
It doesn't matter so much if everyone is becoming wealthier. Human psychology is such that relative wealth is incredibly important to us.
Very good discussion of these trends here:
http://www.onpointradio.org/shows/2008/03/20080307_b_main.asp
Weathiest 400 Americans:
"Their share of the nation's income has doubled since 1995. And the tax bill of our happy gazillionaires? Well, it's fallen by almost half in that same period, from 30 to 18 percent."
>> ^fissionchips:
There will always be a middle class due to the Bell curve. Any way you care to measure however, inequality (the difference between two opposite points on the distribution curve) is growing in many countries. In the US it has been growing by leaps and bounds.
It doesn't matter so much if everyone is becoming wealthier. Human psychology is such that relative wealth is incredibly important to us.
Very good discussion of these trends here:
http://www.onpointradio.org/shows/2008/03/20080307_b_main.asp