Teicher, Stacy A.,

King Kong Debt Meets Middle-Class Life. Stacy A. Teicher. - Christian Science Monitor, 2004. - SIRS Enduring Issues 2005. Article 39, Business, 1522-3191; .

Articles Contained in SIRS Enduring Issues 2005. Originally Published: King Kong Debt Meets Middle-Class Life, Aug. 16, 2004; pp. n.p..

"Ask most people if they should save more, and the likely response would be 'yes.' But with so many opportunities to spend, sometimes we just can't help ourselves. Shopping is even seen as an expression of patriotism: Go ahead, buy the latest gadgets, a bigger car, or another pair of spike-heeled shoes, it will be good for the economy." (CHRISTIAN SCIENCE MONITOR) This article discusses the growing debt in the United States and reveals that "30 percent of Americans believe they probably will always have debt."

1522-3191;


Bankruptcy
Credit cards
Debt
Finance--Personal
Finance companies
Materialism
Middle class families

AC1.S5

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