We're Number One!
- In 2000, the average American had 5 credit cards and $7564 in credit card debt.
- Every year more than a million people file for bankruptcy.
- More people file for bankruptcy than graduate from college.
- Americans spend nearly seven times as much time shopping as they do playing with their kids.
- Shopping is the favorite activity of 93% of teenage girls.
- The national savings rate is often below zero.
- Most American children see over a million commercials before the age of twenty.
(Source: Affluenza, De Graaf)
“As volume of consumption goods increases, requirements for the care and maintenance of these goods also tends to increase; we get bigger houses to clean, a car to wash, a boat to put up for the winter, a television set to repair, and have to make more decisions on spending.”
-Swedish economist Staffan Linder, 1970

4 Comments:
Saving is overrated anyway.
By
Anonymous, at 6:35 PM
Affluenza? Is that a book or an article?
By
Anonymous, at 6:11 PM
Affluenza is a book about the prevalence of materialism in our society. I don't whole-heartedly endorse it because it attacks capitalism, but it does make some good points.
By
brien, at 8:08 PM
home mortgages
By
Anonymous, at 7:56 AM
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