“I think we’re undergoing a fundamental shift from living on borrowed money to one where living within your means, saving and investing for the future, comes back into vogue,” said Greg McBride, senior analyst at Bankrate.com.
This was the first comment that hit my sore spot. (More generally, I’ve read a number of things on Bankrate that have hit my sore spot.) I’m still trying to figure out how someone earning minimum wage is supposed to live within their means (this part I can do) AND save and invest for the future. (My solution is to let people privately invest the taxes extracted from their paychecks for Social Security and Medicare.) If I knew how to do all that I could write a book and make a fortune.
Would you like a job making at least 40 dollars an hour?
Find a roomate. Find a job inside bicycle commuting distance. Problem solved.