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People are often not very apt at admitting their own mistakes. A self reported study like this probably isn't entirely accurate. You would have to analyze each
by ApolloFortyNine 7y ago
People are often not very apt at admitting their own mistakes. A self reported study like this probably isn't entirely accurate. You would have to analyze each of their expenses, such as what car are they driving, the size of their apartment, what they spend on entertainment, etc etc, in order to have a truly accurate account.
- frankbreetz 7y agoWhy is this an increasing issue, since credit cards have been around for decades? The article states "Middle-class life is now 30% more expensive than it was 20 years ago.". I think this may be the major contributing factor to this.
- Kye 7y agoLikely explanation: Costs of living went up, wages did not.