Socialist Security #1

Louis Proyect lnp3 at
Fri Jul 24 05:14:50 PDT 1998

C. Peterson:
>George Will came out with a statistic in his column recently where he was
>talking about how prosperous everyone is, that the average household
>income is about $55,000, which seemed super high. There must be a large
>gap between that and the median.

I want to recommend very strongly the latest issue of Harper's which has an article by a guy who is a college administrator and free-lance writer. His income combined with his wife's is over $100,000, but they owe the credit card companies twice that. It is a tale that dramatizes the theme of Juliet Schor's latest book "Overspent American."

Louis Proyect


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