In my opinion - The Economy is correcting itself after a WILD housing bubble / lending bubble that offered anyone with a pulse more money than they could ever repay.
Combine that with "living on Plastic" lifestyles and the sense of entitlement that everyone had the God given right to live far beyond their means ...
I watched all of it over the last 10 years going " how can these people make $100k combined with 3 kids under 10 years old, have new high cars, a $650k house, great clothes and go on 3 vacations a year? "
All the while I made $125k a year, had a $100k house, no Credit cards / loans and paid cash for everything ... which now allows me to have a $500k home and STILL no loans, credit cards and only debt is utilities ....
Income has doubled thanks to my IT biz doing very well in the Corporate space. Alllowed me to splurge and pad the bank account for rainy days
