re: I'm sick of people saying the middle class is worse off than 4 decades ago.

quote:

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We willingly pay more because they do more. But our quality of life is so much better than it ever has been, that we are willing to pay more to be entertained and misinformed by content on these "phones".

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That is what I am talking about....we pay more. We did not pay for this type of thing like we do now in 1970. We pay for it because we perceive a tangible benefit....same with TV and internet. In 1970 we got our daily info on TV for basically free each night but we had only 3 choices. We also paid 10 cents for the daily paper.

We do spend more for more tings. Not saying that is a bad thing, but it all comes at a cost. My point is that we are paying for more things...we consider some of these things somewhat of a necessity , they are really disposable income expenditures as compared to the basics.

Biggest problem is the dead money we pay on revolving lines of credit.