To: RKBA Democrat
For the past decade, consumers have been taking on more debt while their savings and real wages have declined, Larkin said. Real wages have grown by only 4 percent since 1999 while outstanding credit card debt has risen by more than 75 percent during the same period, he said. More of W's legacy.
19 posted on
10/19/2008 3:55:00 PM PDT by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Moonman62
Real wages have grown by only 4 percent . . .Thank "Global Competition" and "Free Trade" for depressing wages.
21 posted on
10/19/2008 4:18:36 PM PDT by
Oatka
(A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
To: Moonman62
I would guess that the 75% figure includes people that have HELOCs with credit cards attached to the accounts...
29 posted on
10/19/2008 11:01:17 PM PDT by
cherry
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