[lbo-talk] meanwhile, the US working class......

[joanna bujes]

There's a lot of folks who don't think they've made it if they don't 
have a new car. I have never made a car payment in my life (that's 35 
years of car ownership) and, of course, if you drive old cars, insurance 
is much, much cheaper. If you get good old cars, the repairs are minimal 
too. Mostly maintenance, like any other car.

But the problem with being poor is that it's very expensive. You pay 
more for everything. And those college debts basically mean a life of 
indentured servitude: first pay the school loans off, then pay the house 
off, then die.

Lovely,

Joanna

Eugene Vilensky wrote:


> $39,000 + $21,000 = more than double what my parents made.
>
> Sounds like someone isn't living within their means.
>
> I recommend a smaller house and maybe a car with a less expensive 
> insurance premium.
>
> Seriously, I see something wrong with a $60,000 household that is 
> "just getting by."
>
> Although the larger picture in the article makes a bigger/better point.
>
> $0.02
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>
> .
>