The Question Box

Saturday, February 05, 2005

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 Anonymous, at 6:35 PM  

  • Affluenza? Is that a book or an article?

    By Anonymous 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 Blogger brien, at 8:08 PM  

  • home mortgages

    By Anonymous Anonymous, at 7:56 AM  

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