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MAR 02, 2013 - Zero Hedge

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Guest Post: 16 Signs That The Middle Class Is Running Out Of Money

Submitted by Michael Snyder of The Economic Collapse blog, Is "discretionary income" rapidly becoming a thing of the past for most American families?  Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought.  Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank.  Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad ... Read More

Tags: Guest Post: 16 Signs That The Middle Class Is Running Out Of Money,  Home Depot Latest News