Interesting article...
My mom and dad grew up during the depression and hearing their stories and doing my own reading...it's people living beyond their means and all the credit that causes many problems. The same it true today -- we have people living beyond our means and I think that takes in about 90% of the our friends -- and no one seems to want to save, except for the folks on this forum! Unfortunately, it seems the savers are the losers with interest rates being cut and the feds bailing out the folks who bought more house than they can afford. Until our banking industry and credit industry says, hey, you need to buy what you can afford, I wonder how long we will, as a nation, have problems.
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