Left Blog

Today’s left ideology made here.

Nearly half US families use up all their salary each month and have little in savings

Average American families are deep in trouble. According to new Pew Research, almost half of them are walking on tissue-thin ice. They cannot afford any big financial expense. This month’s wage is all they’ve got between them and the deep blue sea. Read more here and here.

Consumer buying is a huge part of the economy. These consumers have nothing but plastic cards to shield them against a seige of wrathful debt collectors, landlords and banks. They snap their wallets shut when the red line hovers, and that explains why the nation’s big malls are failing – too few customers – here.

We’ve heard about this, of course. You can read about this until your teeth fall out. But will anything change?

Banks, of course, are doing well.



January 30, 2015 Posted by | Uncategorized | Leave a comment