Americans Splurge on IPads While Broke in New Abnormal Economy

Old habits die hard. IPads in your knapsack, Chevy Suburban's in your driveway, and 60" HDTV w/surround sound and blu-ray in your living room do not constitute wealth.
 
At the Woodfield Shopping Center in Schaumburg, Illinois, Michelle Rodriguez, 39, a part-time cafeteria worker at a local high school, said she cut back considerably after losing her old full-time job two years ago as a receptionist at Kraft Foods Inc.

“I think the economy has a ways to go,” she said. “I don’t make nearly as much as I used to make.”

Yet she said she bought a 46-inch flat-screen Sony TV in the last year. And now she was waiting for help in the Genius Bar line at the Apple Store.


:confused:
 
WOW a part-time cafeteria worker can afford a 46inch FLAT Screen TV,

even in the good trading days before the recession, i never bought that.

Maybe its time to switch JOBS, macdonalds here i come
 
Quote from MohdSalleh:

WOW a part-time cafeteria worker can afford a 46inch FLAT Screen TV,

even in the good trading days before the recession, i never bought that.


Just as well. Prices have come way down.

I remember paying about $2400 for a 50" DLP a few years back. 2 years ago, $1,000 for a 50" plasma... which now goes for <$800.
 
The services are so darn expensive that anyone can afford anything they want. It takes $500 to buy paint for the house, yet $3K for the labor. I hate eating out for I am expected to put in an extra 25% for the wait staff and 8% for the taxes.

we could really use some deflation.
 
Who is more annoying, people with lots of $ and absolutely no class or people with no money that can't do the math?

I read The Millionaire Next Door when it was first on the best seller lists and I started running across the folks that were described in the book. Jeez, talk about no class, shitty clothing style, shitty style in general, downright obnoxious lack of style sometimes... I abhor such folk and I suspect they are the ones that are doing all this "economic voyeuring" about people that aren't making it mismanaging things in this severely depressed and bailout-stressed economy...
 
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