Standards-of-living may have dropped dropped (though I'm pretty skeptical) but if so the drop is pretty small. This guy's financial problems are much bigger tha

Standards-of-living may have dropped dropped (though I'm pretty skeptical) but if so the drop is pretty small. This guy's financial problems are much bigger than this drop. I think that the personal responsibility deficit we have in this country is a much bigger deal than whatever issues we have with middle income wages. For a variety of reasons (easy access to credit, the media, who knows what else) a great many people are living above their means. And that's a big problem.