General Discussion
In reply to the discussion: Do Americans Know What a Massive Ripoff American Life Really Is? [View all]Marthe48
(23,034 posts)Because my house and car are paid off, I have little credit card debt, and I have money in the bank. All of which most Americans don't. But by my own rating, I am not rich.
Did you notice the graph at the top of the artcle? How none of the items mentioned by Umair ballooned until the 1990's? When did having an MBA get popular? Prior to MBAs and entrepreneurs becoming the thing in business, we had family owned businesses that supplied us with our wants and needs. Now we have multinational companies who charge the same price in every market regardless of the endmarkets varitions in income. And the companies have made their products the ultimate status symbols, where if you aren't wearing those shoes, or that shirt, you don't rate. Not to mention we are FREE walking billboards for the companies we wear.
I couldn't live like that. And I don't. And I won't. Make good choices people-buy what you can afford, don't worry about what others think, and stay free.