Thread: "Rich are getting richer, poor are getting poorer"???
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Old 10-10-2006, 10:21 PM   #44 (permalink)
Hypersonic
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Re: "rich are getting richer, poor are getting poorer"???
Quote:
Originally Posted by 450SEL 6.9
I don't agree that all the classes are getting richer proportionately. I say that because I think the middle class and even the poor in the US of A have been living beyond their means by using the equity in their homes. Are they really better off if they are borrowing to finance consumption and luxury items? I think not. I think not.
I utterly agree Ray ...this is most certainly the case ...and it is not just in the USA, it is a major problem throughout the western world.
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