To: Brad Cloven
In 2004, disposable income per person was $27,230. And the percentage hike on household debt was?
To: Rutles4Ever
Is that you, Paul Krugman?
113 posted on
08/31/2005 3:06:59 PM PDT by
Uncle Miltie
("Avoid novelties, for every novelty is an innovation, and every innovation is an error. " - Mohammed)
To: Rutles4Ever; Brad Cloven
Household debt isn't the big number. The annual interest payment on household debt is more important. IIRC, mortgage rates in 1980 were around 11%...and housing was therefore not too affordable. I have friends in CA who used to bitch endlessly about morgage payments back in the 80's. I haven't heard that complaint in a long time.
121 posted on
08/31/2005 3:12:27 PM PDT by
defenderSD
(At half past midnight, the ghost of Vince Foster wanders through the West Wing.)
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