Friday, April 15, 2011

7 reasons why being middle class ain't what it used to be

My dad worked a middle class job for almost 30 years. He never cracked more than a 5-figure income. Yet we had a house, plenty of food and oh, yeah, he put six of us through top state and private schools using a combination of (then) plentiful state grants, scholarships, work study and low interest loans. I only have two kids to put through college. My income is more or less on par with Dad's, but do I get the sam deal as him? "Every picture tells a story, don't it." Pertinent images from documentary, "Inside Job":
(rights retained by author)
Going to college is about 10x more expensive than when I was going.
Is my income 10x what Dad made? No.
American universities have abrogated
their compact with the middle class of this country.

Glad somebody made out. My family didn't.


I don't carry anywhere near this kind of debt,
but my savings certainly don't show
the same robust upward swing.
Talk to me after the boys graduate.
I may well be at the top of this cuve.


When I saw this, I knew things would be no different.
Change = "same as it ever was"
I am so disappointed in him.

Tim Geitner -- go directly from Wall St. to PA Avenue,
no need to stop at Main St.