I’m also feeling this…

Falling BehindThere is such an endless shuffle, crazy-busy lives we are all leading. It’s coming at a considerable cost in so many ways:

“The increased spending by top earners has changed the frame of reference that shapes the spending decisions of those just below them. So the near-rich are spending more, too, and their spending in turn has altered the relevant frame of reference for others just below them, and so on, all the way down the income ladder.”

“My message is rather that life for people in the middle is more difficult than it would have been if income growth had been more balanced in recent decades.” pg118


~ by shantam on September 24, 2007.

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