Frankly these are all bad signs for middle class America.

If you think about:
1. The exponential rising costs of purchasing a home
2. Significant rising cost of fuels
3. Double digit percentages cost increases of food
4. Uncertain/shrinking job market

It doesn’t add up well. If 3% is the average cost of living increase than for the past 5 years the average worker has not gained anything and in fact has lost a good percentage of the expendable income. Throw in a few thousand in high interest rate debt and most folks are in the red.

Depressing - it makes me sick just thinking about it. Is that why I feel like an indentured servant????

http://blog.craigslist.org/2008/04/time-to-unload-that-gas-guzzler/

As always, great perspective, great post SR.