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scary article

October 6th, 2010 at 08:10 am

I ran across this.

http://online.wsj.com/article/SB1000142405274870329850457553...

It was interesting, until I saw these numbers:

the middle fifth of the population sliced their average annual spending to $41,150 in 2009... The drop came even as those households' after-tax income remained relatively stable over the two years, at an average $45,199.

So, people make $45k a year and spend $41k? No wonder we are in trouble.

2 Responses to “scary article”

  1. Broken Arrow Says:

    If that's gross, and federal taxes are about six to seven thousand for them, then they've still over-spent by those figures. Nothing saved. They're still racking up at least two thousand dollars in credit card debt each year.

  2. Homebody Says:

    I heard some statistic the other day about how much more in taxes a family of 4 making $45,000 a year will pay if the tax cuts expire and it was like another $4-5,000 a year. I was shocked.

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