Starting in the late 1970s, the middle class began to weaken… The middle class nonetheless continued to spend, at first enabled by the flow of women into the work force. (In the 1960s only 12 percent of married women with young children were working for pay; by the late 1990s, 55 percent were.) When that way of life stopped generating enough income, Americans went deeper into debt. From the late 1990s to 2007, the typical household debt grew by a third. As long as housing values continued to rise it seemed a painless way to get additional money.

Quelle: A Zombie Economy Following Unfaithful Shepherds

Dieser Eintrag wurde am Sonntag, 13. November 2011 um 11:33 aufgeschaltet und ist unter den Labels Gesellschaft, USA abgelegt. Du kannst das Blog auch über RSS 2.0 abonnieren. You can skip to the end and leave a response. Pinging is currently not allowed.