I grew up without all the things the OP mentioned. And that was during the recession in the 1980's. Sometimes, if it were not for free lunch at
school, my brother and I wouldn't have eaten that day. Summer was the worst. No air conditioning. I believe now it's considered child abuse not to
have air conditioning in areas like mine.
If the average family has those things it is because most of them were working good jobs and paid cash for them when they could. Some of us are having
to sell our stuff to keep a roof over our heads. Don't lump in the hardworking families (like mine) with the ones who bleed the system dry. Some of us
actually contribute to those safety nets. My husband could've ridden out the unemployment check extensions, but didn't. He took a minimum wage labor
job after working at up to three times that amount as a quality technician. Not all of us are sitting on our butts playing xbox.
I am not wealthy by any stretch of the imagination according to American standards, but we do have our needs (and a few of our wants)taken care of.
That's where people went astray. They've confused needs with wants. If we want something and can't pay cash for it, we don't get it. Period. People
were trying to keep up with the Joneses when they can't even keep up with the Clampetts.
I knew we were in trouble six years ago when a banker offered us a credit card and didn't understand when we told him we believe in the 100% down
plan. He really didn't understand the concept of paying cash in full for something or only getting what you can afford outright. I had to break it
down into smaller concepts for him.
Am I driving a new car. No. Mine's sixteen years old. My husband's is now a classic. Both cars need bodywork (new paint) but are mechanically sound.
And we have something many of our family members do not, free and clear car titles. All we have installment wise is our mortgage. We lived that way
before the recession, having learned the lesson early in our marriage. We're not able to give our kids the hottest gadgets or buy them even a crappy
car, but we've given them fiscal responsibility. I think that's more important.
It always kills me when I see a person spend five bucks on a pack of smokes and then complain there's no money for food or electricity. Bull. There's
money, it's just that their priorities are screwed up. And I think in essence that's what the post was about. Priorities. Maybe this is good for
people. It will keep us grounded in reality.
edit on 19-7-2011 by tncryptogal because: added something