Americans spend $1.22 for every dollar they earn
 

This is insane

About 43% of U.S. families spend more than they earn, according to a Federal Reserve study.

many people continue to live beyond their means. consumer culture rules...

apparently it makes for a strong economy ;)

With the anticipation of eventual death...
It makes sense does it not?

For some, it must.
It has never appealed to me to live outside of my means.

It's not really shocking, keeping up with the jones

Sounds like my PPC campaigns too. Spend $1.50 to make $1.00

heh gotta love credit companies

crazy stats

i'm not part of that percentage... i spend nothing, if i can get it for free i'm all for it =)

Spending is good :thumbsup

This helps keep the dollar down and creates a better market for exports - Imported goods will now cost more -
If the interest rates stay low, this will continue and eventually will cause the dollar to fall further in value -

god damn,
I save/invest 1 out of every 2 dollars I make

How long can our economy stay afloat in this rabid debt cycle?

This is not new. The percentage is lower than before (late 90's) but it is normal after the economy slow-down.