Quote:
Originally Posted by thaskalos
It's the fault of the majority of the households, who are not "generally in very good financial shape"...in spite of what Janet Yellen seems to think.
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Even that doesn't go far enough to describe how out of touch she is. She actually thinks low income households HAVE savings. They do not. They also have access to very little credit. Between 60-78% of households in recent polls live paycheck to paycheck and must constantly make decisions eack week on what they cannot buy to meet their budget.