> Luckily, in this world of "skyrocketing" poverty, surely only the top 1% can afford such indulgences, right? It's not as if innovation and a growing economy have put them in the hands of more than a hundred million Americans.
American consumer debt is at $11.15 trillion [1]
and 76% of Americans are living paycheck to paycheck [2]
By definition, the masses can't afford those indulgences, they're just putting themselves into servitude for the rest of their lives.
American consumer debt is at $11.15 trillion [1]
and 76% of Americans are living paycheck to paycheck [2]
By definition, the masses can't afford those indulgences, they're just putting themselves into servitude for the rest of their lives.
[1] http://www.reuters.com/article/2013/08/14/us-usa-fed-consume...
[2]http://money.cnn.com/2013/06/24/pf/emergency-savings/