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The authors of the recently released study, “Downward Mobility from the Middle Class: Waking up from the American Dream” challenge the widely accepted idea that the economy is improving to the point where the next generation of the world’s population has a high chance of living better than their parents. This may be, at least in part, due to decisions made by parents. [click to continue…]
I have a hard enough time spending $200 on a phone and over $100 each month on our cell phone bill. That’s well over $1,200 each year on cell phones! Now, think about $25,000…that just seems absurd. But it’s not that far off if your living in China and you want an iPhone. [click to continue…]
