On Wednesday 18 July 2007 18:04, Michael Madigan wrote:

> I just don't see a disappearance of the middle-class.

Hi Michael!

You aren't paying attention. Everyone I know is worse off than their parents 
were. People around here are working two and three jobs and not making half a 
living. Going deeper and deeper in debt, eating and buying basic clothing on 
the equity in their home. If there are two kids it is even worse.

The clunkers that your daddy used to drive nowadays cost more than new cars. 
You pay about 30% interest to finance them, have to carry full coverage 
insurance on them and when they break down every week you have to pay $300 or 
more every time.

I used to get away with junkers myself, 25 years ago. Now my old car costs me 
more than my "new" (under 100,000 miles) car. That said, they are both 
expensive, and neither is paid for. Have to have two as a back-up against 
breakdowns on work nights.
-- 
Regards,

Pete
http://www.pete-theisen.com/


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