Originally Posted By: ZZman
Lower class people climbing out of their class is not the norm. Can it happen sure. But it is much harder now as many middle class jobs are disappearing.
Also most people these days that are in the stock market are doing so to try and have a decent retirement on down the road. This is not really helping them in their current financial situation.
HUH??!?
I get your first point. When we sign so called "free trade agreements", with countries that pay their employees slave wages, no benefits and work them 16-20 hour days. Then, we tell our middle class workers they must compete with them, because it's now, a global economy. In effect, our standard of living is systematically being lowered, for the sake of world trade!
However, you are saying that people saving is effecting their bottom line right now??!? I dont get it. What do you think that people "deserve"? To live like the housewives or Orange county on $25k/yr? What financial situation do you think they should have different? Cellphone, cable TV, 18 MPG SUV, eight TVs, three computers AND a manicure and pedicure every week? Come on. The whole basis of saving is that one does without for the purpose of saving for the future. Whether in the stock market, savings bonds, or in a plain old savings account, that is what is the reasonable and responsible thing to do. I just dont understand where youre going with this comment. Saving is the right thing to do. I cant help it that all the other cash draws somehow effects "standard of living". Heck, on the surface, the Wal-mart effect has helped low wage earners apparent standard of living by letting them go and buy a cheap, chinese made widget for next to no money any time they need (at the expense of their neighbor's job, of course). All because we think we "deserve" it.
