Jay Taylor
Supporting Actor
I wonder if Mark hit on something by mentioning the massive debt that so many have acquired. Perhaps it only appears that the middle class is not shrinking because new neighborhoods with big beautiful homes continue to be developed in the suburbs at a decent rate.
A statistician may reveal that a significant percentage of families that buy those homes have very little disposable income. Many are living beyond their means with every major and even not so major purchase being made with borrowed money. Like the Lending Tree commercial with the guy showing his beautiful home, driving a lawn mower and stating “I’m in debt up to my eyeballs!”
http://www.lendingtree.com/
Perhaps the size of our middle class is only an illusion.
A statistician may reveal that a significant percentage of families that buy those homes have very little disposable income. Many are living beyond their means with every major and even not so major purchase being made with borrowed money. Like the Lending Tree commercial with the guy showing his beautiful home, driving a lawn mower and stating “I’m in debt up to my eyeballs!”
http://www.lendingtree.com/
Perhaps the size of our middle class is only an illusion.