When I was looking up statistics on American debt, I read that, "Most studies show that the average consumer with credit cards still has more than $7,000 worth of credit card debt." Our country spends more today than we did twenty years ago. On the Forbes website, I came across a paragraph that said, "Americans moved in recent generations from cooking at home to eating out because they think they don't have time to cook." In reality, going out to eat costs about four times more then it would to just stay home and cook (not to mention having to pay for gas prices.) One statistic that I found particularly shocking was that middle income families spend about 1% of their income on education. If so little is being spent on school, then were is all their money going? Apparently an average American family spends about 2.5% of their income on electricity. Why do we spend more on phone and TV bills than on education? As a nation, we have our priories mixed up.
It does make one wonder doesn't it. Consumerism in America is so interesting..
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