Myths of rich and poor

[ziggytrix]

Interesting they don't talk about the average amount of DEBT held by Americans in the 70s vs the 90s. I think that might explain a bit of the difference in the ability of Americans to consume more.

Frankly, trying to counter doom and gloom with rose-colored glasses is not gonna work. I'd agree you can paint a very dismal picture using the wide pallatte of economic "facts" but there's also room to portray things as much better than they are.

America faces some serious economic issues, and increasing debt is one that should not be overlooked - either in our homes or in our government.