Household Belt-Tightening: Will the Trickle Become a Flood?
Authored by Charles Hugh-Smith via oftwominds, The top 0.1% will weather a recession just fine, but that will offer cold comfort to the other 130 million American households. It seems at least some households are realizing they need to rein in spending. This reality is obscured by statistics which distort the financial security of average households. …