The economy has become a two-headed monster, where those in the green (+) side of the economic curve are profiting very solidly, while those in the red (-) side are taking a beating in general.
The haves are enjoying record profits in the 3d quarter, as the average worker is seeing his/her paycheck reduced substantially by high gas prices, lower wages, and a huge increment on the price of food, medicine, and other needed goods.
"Savings" are a great indicator of how the world's resources are being redistributed, since one group is accumulating massive wealth, while the other is falling deeper and deeper in the abyss of debt.
HELLO PEOPLE!! There's no middle class anymore; one is either rich or poor, and the gap between the two keeps getting wider by each passing minute.
The experts and economists are "unsure" about this holiday season's consumer spending; well, I'll tell you what's going to happen:
people are going to do whatever it takes to buy plenty of gifts and unnecessary items for their children and loved ones, and are going to ignore their fiscal responsibilities, as well as goals - just to escape their reality for a while and have a good time.
The setback will be equivalent to a three-year loss, because the money and income that's suppose to build an emergency fund and nest egg will have to be allocated for bills and debt.
Hence, this holiday season - and beyond - teach yourself and your loved ones what "fiscal responsibility" is all about, and create a realistic budget to ensure that no money gets wasted. There will always be tomorrow, and believe me, there's nothing better than to have fun without worries or limitations.
Peace of mind is priceless!
GX
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