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.

shark

Advertisements

January 30, 2015 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: