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America's middle class is not being hollowed out as many have proposed - it's been hollowed already! The median 4 member, single wager earner household is already insolvent from an income perspective as the true costs of living have oustripped income growth by a significant amount. The typical response to this is to use high interest credit cards and other debt (school, auto and home loans) to fill in the gaps, which drasctically exacerbates the problem.
Of course, these families still must live, and still consume products and servicies, but not the same products and not in the same way as thier parents and grandparents.This has served to mask the level and the damages of said expenditures as they pursue their climb up Maslow's "Heirarchy of Needs".
We show how a hard currency such as VeGold can assist countering this problem.
File Name: | Cost of Living Life_03022020_v3.5 Reggie.pdf |
File Size: | 1.83 MB |
File Type: | application/pdf |
Download: | 5633 times |
Created Date: | 03-02-2020 |
Last Updated Date: | 03-02-2020 |