>Rick Wolff reminds us, as the bankruptcy reform is about to take
>effect (on Monday):
>
>"For the first quarter of 2005, the Fed announced that the nation's
>debt service ratio (debt payments as a percentage of after-tax
>income) was 13.4%, the highest since the Fed began recording this
>statistic in 1980."
><http://mrzine.monthlyreview.org/wolff151005.html>
>
>We are more than tithing to the rich. :-0
Hey it's up to 13.6% <http://www.federalreserve.gov/releases/housedebt/default.htm> in the second quarter. And that despite interest rates remaining very low.
Doug