Elizabeth Warren - The Two Income Trap:
- Thread starter Angstrom
- Start date
The US is projected to perform better than Canada this year economically. Maybe that is enough said...:lol:
So then look at the last month's employment numbers. Actually, 2300 jobs added in Canada. 243,000 in the US. Or last Quarter, GDP rose 2.8% in the US, and only 1.5% in Canada.
Canada's Economic Growth No Longer Leads G7
Health problem for my wife and lost of job for me, in 2005.
We never recovered. We still are carrying the same dept we took on
to keep up with our middle class life style.
We don't have cable or fancy cell phones, we don't have HD TV.
I can't remember the last time we bought our 2 kids clothing.
I've never bought furniture after 2003. We rent someone's basement apartment.
We own two beat up cars. I think She has a valid point.
People are going broke trying to stay middle class.
We never recovered. We still are carrying the same dept we took on
to keep up with our middle class life style.
We don't have cable or fancy cell phones, we don't have HD TV.
I can't remember the last time we bought our 2 kids clothing.
I've never bought furniture after 2003. We rent someone's basement apartment.
We own two beat up cars. I think She has a valid point.
People are going broke trying to stay middle class.
"Elizabeth Warren - The Two Income Trap"
I think anyone that has noticed the gap between rich and poor getting larger, wondered why, and researched even a little bit would realize this stuff.
I think anyone that has noticed the gap between rich and poor getting larger, wondered why, and researched even a little bit would realize this stuff.
So don't bother showing where she's wrong, just dismiss her research because she worked for DUHbama?
Senseless and irrelevant.
:lol:
I've tried many times to explain what Warren is saying. I usually immediately am told.
I must be spending a lot of money on all kinds of gadgets or none essential things.
I do spend a lot on tools. But that's because I don't want to lose my job again.
I'm not surprised. What other people say about someone, though, is usually said from a position of ignorance. You know better than anyone else what your family spends money on, right?
How much is the insurance/repairs/fuel and maintenance on two cars???
When My wife and I retired....the first thing we did was get rid of one vehicle, $2500 a year savings.
Seems to me that if you insist on conforming to the standards and expectations of the peers you choose it may be too late to reconsider?
Translation = low self esteem.
Translation = low self esteem.
I have no idea what the "two income trap" is. My wife and I appear to fall into that catagory but
I guess we made a slightly higher than average income. My wife was with the kids until they
started school. My wife was an RN and I was a mechanical designer and we had no trouble
living on our combined CCP and OAS when it kicked in. We both had private pension plans
and we had no mortgage plus we had money set aside for cars, vacations etc. It wasn't
very difficult. I've been retired for over ten years now.
I guess we made a slightly higher than average income. My wife was with the kids until they
started school. My wife was an RN and I was a mechanical designer and we had no trouble
living on our combined CCP and OAS when it kicked in. We both had private pension plans
and we had no mortgage plus we had money set aside for cars, vacations etc. It wasn't
very difficult. I've been retired for over ten years now.
There is some truth to what she says but I do wonder why anyone that is reasonably health would stay in a city barely making ends meet and whine about it when there are so many good paying jobs available in the resource industries. All you have to do is get your lazy butt to one of their job fairs. Many places are quite suitable for families. In fact families are encouraged to come as it creates a more stable work force.