Posted on 03/21/2014 1:21:34 PM PDT by SeekAndFind
Thank our debt-laden government and our Central Bank that supports them and the TBTF financial system for all this.
Only in America can we create a sub-class to fit an agenda.
Obamaville voters will keep Dems in office.
The Walking Dead!
ping
First World Problems.
it used to be the working poor,,,
now, no work..
Creating a new term in an attempt to create a new class of victims. In the old days, they called it “living beyond your means” and you learned the hard way to stop doing it.
These folks living without reversing course, shrinking down and saving for a rainy day will, after some years of the beat down, decide never again and finally take control. Typically after a shocker.
Been there, doing that now.
But I finally installed a new AC/Heating unit all by myself for the most part - there’s still some American Fighting Spirit in this big belly somewhere! Show me a good licensed professional and I’ll shake his hand and remember his name.
Illiterate Electorate.
Will remain after the present tumor is excised from the wh.
I HATE my cable bill! Keep trying to figure out how to get rid of it but still watch the few shows I like. Have a similar disgust for my cell phone bill.
Seems to me when cable first came out the story was that the fee we paid meant that we wouldn’t have to watch commercials. HA!
A story about class and I was wondering how soon the PC policy would show up.
Shonuff... the first sentence.
“””Many families learned this unhappy lesson during the 20072009 recession””””
BOOOM! I knew they would blame it on Bush somehow.
“”””Many families learned this unhappy lesson during the 20072009 recession”””””
Damm you BUSH!!! We all know as soon as lord Barak was sworn in in 2009 he sprinkled some pixie unicorn rainbow dust on it and it disappeared. All hail the savior!
I thought they were going to talk about “Wealthy Poor” as in families that do not work yet have full cupboards, plazma TVs, and an IPhone in every little fat kid’s hand.
But I should know better than to think a news article would report on that. That would be racist. You’d think I woulda learnt my PC by now.
A lot of these people are only “wealthy poor” as opposed to “poor poor” because they were able to buy homes, cars and other assets when wages were higher. As these people retire and then die, more and more American households will be made of of lifetime $8 an hour temp/part time workers who never had a chance to own a home or save anything. They will rent their housing from the huge financial institutions and wealthy foreign owners that are buying up housing now.
“Have a similar disgust for my cell phone bill.”
Get a pay as you go cell phone, rather than a contracted one. I use mine for emergencies or for when my landline handset runs out of charge. A whole lot cheaper than a monthly contract.
I have been talking about this for years!
Nearly all of those people living in McMansions are as this article defines “working poor”. At a glance from afar they appear rich (as how rich is depicted on TV) but a closer look at their balances sheets reveal they are spending more than they make, have no savings, and have pulled all the equity out of their homes to fund their lavish lifestyles. They may make a lot of money, but are just one lost paycheck away from bankruptcy.
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