Quote:
Originally Posted by money blogger
That's funny. I'm sure the average person reading this post can understand what you're talking about, however, for those who aren't making the connection, could you explain please?
I read it to say...
'The average working class person borroughs money from VISA to buy... pretty much everything they have (sad but true). The companies they buy things from and VISA are sharing the glory of riches. The working class individual spends almost all of his/her hard earned money to fund the debt and keep it in good standing.'
Is that about right?
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Thats exactly correct. That is why in economics, a strong middle class is essential to economic growth and that was what I learnt in economics school so obviously it has been DESIGNED that way.