Thursday, February 26, 2009

Why Poor Folks Are Recession-Proof

The word is out and the news is bad - America is in the toughest economic times since The Great Depression of the 1930s. Washington is hesitant to call it a 'depression', opting to call it a 'recession' instead - as if to soften the blow to those who are being hit hard by the dire financial straits in this country. There are stories circulating through every major media outlet regarding the struggling middle-class, how former executives are now out of work or being forced to take low paying jobs, and just how badly the whole thing stinks for families who have become accustomed to living a certain lifestyle.

Read the rest here.

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