Posts Tagged ‘commentary’

http://www.americanprogress.org/issues/2008/01/market_meltdown.html Since the beginning of the current business cycle in early 2001, family incomes in the United States have not risen, yet the costs for important consumer items such as housing, health care, transportation, energy, and food all climbed at often breathtaking speeds. To afford these necessities, families piled on record amounts of debt relative to their income—at a rate more than four times faster than that in the 1990s …

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