Re: OT : what is middle class poverty?

Posted by M Nut on January 11, 2007 at 06:14:15 from (64.8.188.133):

In Reply to: OT : what is middle class poverty? posted by Dave from MN on January 11, 2007 at 05:04:21:

Boy Dave, you are sure doing things right. Many more need to follow your example. However, I know very few people in central MN who are making $100,000 a year combined income who live in rural MN. In larger towns and surrounding areas of St. Cloud and Twin Cites, yes. Outstate MN, no. Most I know are much closer to 50-60,000. I grew up in a home where $25,000 was the yearly income (in the 80's) and we made it just fine. I guess it all depends on spending habits.
My farm accountant told me an interesting thing a few years ago. He said 90% of the people he serves are broke. Some just at different levels than others. He seemed to think that with many people, the more money they had, the more the borrowed beyond the capacity of their ability to pay.

Replies:

• Re: OT : what is middle class poverty? Dave from MN 06:55:22 01/11/07 (1)
  • Re: OT : what is middle class poverty? M Nut 18:39:18 01/12/07 (0)

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