Obamanomics: Fed Study Finds 2 million in "Forced Retirement"

Townhall.com ^ | August 9, 2014 | Mike Shedlock

[Mogger]

Almost HALF the country of middle class Americans can't pay the cost of a new tire without borrowing the money. Holy Guacamole!

Now I understand why people looking at our Unimogs often look at the tires first, and ask how much they are.

Michelin 15.50-20s, 46" O.D.

[kearnyirish2]

“Almost HALF the country of middle class Americans can’t pay the cost of a new tire without borrowing the money. Holy Guacamole!”

I don’t even believe this is a new development; this has been going on for years.

[seowulf]

Almost HALF the country of middle class Americans can't pay the cost of a new tire without borrowing the money. Holy Guacamole!

They may not be able to afford a tire; but rest assured, they can afford the cell phone bill, the cable bill, the payment on the big screen TV, the morning $7 latte....

[Jim from C-Town]

I have a pre-paid cell phone, dropped the cable and home phone, own my big screen outright, and make coffee at home. So I can afford a tire. I just don’t wan to.