San Francisco Fed Concerned About Consumer Deleveraging [View article]
The middle-class is in a two-way squeeze--loss of wealth and loss of income, which creates a protective incentive to save. The next two-way squeeze: higher taxes and inflation, which will erode savings. Goodbye, middle-class. It was nice while it lasted.
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The middle-class is in a two-way squeeze--loss of wealth and loss of income, which creates a protective incentive to save. The next two-way squeeze: higher taxes and inflation, which will erode savings. Goodbye, middle-class. It was nice while it lasted.
May 23 20:52 pm
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