Inflation is the major part of it, and people are not so much keeping up with the Joneses as they are trying to keep up with the standard of living they've come to expect but can't easily afford anymore
I really don't agree with you on it. I honestly do not see how soccor moms are simply "trying to keep up with their standard of living they've come to expect" when they are demanding SUVs instead of the astro van/mini van they've grown up with. or the 36 inch tv they were used to living with, now for some reason has to be a 50 inch PLASMA or LCD.....
I believe the standard of living today is MUCH better than it used to be when "inflation" was not such problem. Im not going to pretend that i'm the know it all about the inner workings of inflation but by the looks of it, life looks pretty good unless you are trying to outdo your neighbors...
-back in the 60's 70's or even 80's...
*how many people owned their own home?
*how many people owned cars worth almost half of their entire yearly salary if not more?
You, I, and everyone else have a right to expect to have the opportunity to live better than our parents and grandparents did. We are not supposed to be damned to poverty, life is supposed to get better and we have every right to expect it to. And if living better means more kitchen gadgets, brand name this or that, so be it.
I agree with you completely, but we are all living better than our previous ancestors, we are simply going alittle "overboard" with our need to "have MORE NOW". Inflation is not damning us to "poverty"......if so why is it that.....
*46% of all poor households own their own home and only 6% of those are overcrowded (im sure poor people "back then " didn't own their own home)
*75% of the poor households own their own car and 30% own TWO or more cars
*97% have at least one color t.v. and over 50 % have more than one
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With the increase in raw production and productivity over the years the dollar should be worth a lot, and it's actually worth a lot less than what it used to be.
if everything is worth so much less, why is everyone getting so much more? by the way, that was a rhetorical question.
keeping up with the Jones', overspending, outdoing the neighbors = two working parents.
poverty, income levels, quality of life, is all what you make of it, not luck, faith, or lack of options.