Monday, October 15, 2007

bankruptcy and overspending

A fascinating article on the myth of personal bankruptcy and its roots in overconsumption:

http://bostonreview.net/BR30.5/warrentyagi.html

The article does an incredible job in exploring the financial pressures many middle class families are under, and surprisingly discovers that the average American family spends less on frivolous expenditures than a generation ago.

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