Comments on: It’s the Crushing Debt, Stupid http://baldmanblogging.com/2009/03/14/its-the-crushing-debt-stupid/ just another bald man blogging Tue, 12 Jul 2011 17:48:00 +0000 hourly 1 http://wordpress.com/ By: Rantz Grotto http://baldmanblogging.com/2009/03/14/its-the-crushing-debt-stupid/#comment-1744 Fri, 08 May 2009 19:12:46 +0000 http://baldmanblogging.com/?p=1537#comment-1744 Baldy,
What I think a major part that is driving this depression (And I’m a contributing factor in this and you, I have to thank, are not). It is the dual income household. Back in the day when there was only one breadwinner in the family there was considerably less money to be spent and therefor prices were lower. Then, when the women entered the workforce (And I’m not blaiming women at work for this. Hopefully I’ll come back around to this point later and save myself from being hunted down by every woman who reads this (although, I do like attention from women… (that’s not helping I’m sure))), because there was so much money to be spent, prices went up, and jobs became harder to find (We didn’t double the amout of jobs when we doubled the workforce). Then, and I saw a cool chart on this the other day that I wish I knew the source of, the divorce rate shot through the roof. Single income families became more common, but we are still living in a dual income economy. I look at the lifestyles that my friends and family have chosen to lead, and many are single income families. This allows them to do many things my wife and I can’t, but at the same time, we are able to do other things which are financially prohibative to some of them. This is one of those times where I know I’m part of the problem, but I’m not willing to work toward being the solution. My wife and I both work because we like working, we like what we do, and neither of us is willing to make the sacrifices necessary to adjust to a single income. That being said, if everyone went back to single income families (I don’t care who stays home, man or woman, that is a family decision), those single parent families would be able to exist on a level playing field with the dual parent families.

Another thing that I think needs to be done is to increase interest rates on money in the bank. What incentive do we have to save now? I can put money in the bank and watch as it grows pennies a month, or I can use it cause it’s not doing me any good investing. I don’t “play the market” as I just see stocks as an overpriced lottery, but I would like a safe way to make my money grow.

Anyway, those are my ramblings from someone who says “Ugh” and “Gross” when economics classes are mentioned.

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