[texasbluebell]

I will gurantee you that we will see a lot more of this type of article as we get closer to the election and the Democratic talking point it is the economy stupid campaign.

Bingo! You may have nailed it. I just this morning read this other similar article from a Seattle paper, about all those in similar straits there.

Steeped in debt: Good times end, spending doesn't

[CIB-173RDABN]

I read the article you linked to. What I find amazing is that everyone of these people make (made) almost twice what I make. Yet, I seem to be in better financial condition then they are.

So the problem is how much money you make, but how much money you spend.

[WOSG]

A 35-year-old single mother, she lived with her two children in a home in Stanwood and drove a BMW 535i.

I had a fully paid off house and 529 plans for kids before I dared even THINK about buying a luxury car, instead I held on to my 1988 model car until just this summer and paid for a new car with cash.

Methinks these consumers has warped priorities. you think we need another depression to remind folks of the the dangers of debt?