Should have added in. They say the average middle class family spends 110% of their annual income each year. Now if you think about that it's scary. But the actual numbers they are looking at include debt like car and home loans. So that 110% figure is a bit misleading.
Numbers are funny that way. They say last year that 40,000 Americans were killed on the roads last year. Most people see that number and say "that's terrible". Now say last year about .0128 % of the US population were killed on the highways. That's well under 1 full %.
So anytime someone is playing with numbers they can be misleading. The average farm debt? How much a family spends? Yea, all numbers that may or may not tell the entire story.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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