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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:31 AM
Original message
Whatever Happened to the Good Life?
from Adbusters, via AlterNet:



Whatever Happened to the Good Life?

By Astra Taylor, Adbusters. Posted November 2, 2007.


Americans keep making less and spending more. That lifestyle is contributing to supersized debt and the decline of progressive politics.



Since we're accustomed to thinking of young people and students as the shock troops of social change, explaining youthful inertia has become a national preoccupation (sadly, we expect impassivity from the middle aged). Many point to the absence of a draft as a motivating factor. Others cite the lack of contemporary examples of successful collective action to inspire faith in the efficacy of protest. But more often than not, the problem is conceived as cultural. The emerging generation, of which I am part, is post-Watergate, post-Monica Lewinsky, and weaned on irony and satire. We expect the government to deceive us and are hardly surprised, let alone outraged, when these expectations are met. Others argue that young people aren't particularly self-absorbed or apathetic; they're overworked and indebted. Today's twenty- and thirty-somethings are so busy struggling to make ends meet, they simply don't have time to take to the streets.

The latter theory has gained traction with the recent publication of three thoughtfully argued books: Tamara Straut's Strapped, Anya Kamenetz's Generation Debt, and Daniel Brook's The Trap (subtitled Selling Out to Stay Afloat in Winner-Take-All America). Compared to our parents at the same age, these authors contend, we're working longer hours for less money, reduced job security, slashed benefits and fewer social services. Over the last four decades, opportunities for social mobility have declined dramatically, with wealth concentrating to a degree not seen since the Gilded Age.

In other words, it's getting harder and harder to stay -- let alone join -- America's crumbling middle class. Today's minimum wage is worth 30 percent less than it was in 1968. According to Draut, "if wages had kept pace with rising productivity between 1968 and 2000, the average hourly wage would have been $24.56 in 2000, rather than $13.74." Instead -- and particularly in fields with a social service component -- salaries have failed to keep pace with inflation and benefits, like health insurance or retirement funds, are elusive rarities. Meanwhile the cost of living has skyrocketed. Between 1995 and 2002, median rents in urban centers like San Francisco, Boston, and New York surged by sixty or seventy percent. The price tag on a simple studio in these cities is well over a thousand dollars a month. Finally, a college degree, often regarded as the key to a middle class lifestyle, costs more than ever before. In the 1960s and 1970s, when many quality public universities were free, Pell Grants covered nearly three-quarters of college tuition; today, the percentage has fallen to one-third. At the same time, tuition has outpaced inflation three times over since 1980. As a result, the average student leaves a four-year college with over $20,000 in educational debt; a graduate degree means $45,000.

As a member of "generation debt," I know these frustrations firsthand. It's hard to feel footloose when your owe $40,000 in student loans and haven't even started chipping away at the interest. I've had to move back in with Mom and Dad when housing costs were too much to cover. I haven't had health insurance in eight years and saving for retirement isn't even on the horizon. But are things that bad? Am I really so oppressed? Unlike twenty percent of the world's population, my basic necessities are covered. I've got food, clothing, shelter, and then some. I'm typing this on a G4 titanium laptop. I have a cellphone. I've traveled the world.

The fact is, even though young people today are making less, we're spending more. Between 1979 and 1990, the spending of the average person working for minimum wage increased by 30 percent. Generation Y has an inordinate amount of buying power in the United States: $175.1 billion dollars per year, much of which is wielded during the twenty plus hours a week they're online. And supposedly we have no time for activism? It makes sense that in a society where young people carry supersized debt, they expect a supersized lifestyle. Though generally inhabited by fewer people, the typical new American home is 40 percent larger than it was 25 years ago. The same period has seen the quadrupling of retail space per capita, which says something profound about rates of consumption. Jumbo SUVs, loaded with luxury options, make up half of all private vehicles on the road. Pleasure and vacation travel have become standard. Air conditioning in dorm rooms, a smorgasbord of dining options, extravagant fitness centers to work off those extra calories -- all amenities unimaginable back when college was cheap. .....(more)

The complete piece is at: http://www.alternet.org/story/66639 /



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Atman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:33 AM
Response to Original message
1. Someone is lying.
BushCo just today say we're making TONS! Wage increases are outpacing inflation!

Who do you believe? Some dumbass from Alternet, or George Bush? Uh...never mind.

.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:37 AM
Response to Reply #1
2. I believe my wallet - there is nothing left in it.
My income is not out-pacing inflation and I don't know too many people who are.
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BlueManDude Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 09:01 AM
Response to Reply #1
8. It doesn't matter what they say or what "the numbers" show
people know when they are stretched thin economincally and no amount of spin from Larry Kudlow etc can convince them things are great for middle income people.
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begin_within Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:26 AM
Response to Reply #1
12. Americans are working longer hours now
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cosmik debris Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:38 AM
Response to Original message
3. If you have to ask, you can't afford it. n/t
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SteelPenguin Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:39 AM
Response to Original message
4. Life is Harder Now
Edited on Fri Nov-02-07 08:40 AM by SteelPenguin
http://www.msnbc.msn.com/id/21309318/

"Bankruptcy law expert and Harvard University Professor Elizabeth Warren spent a lot of time crunching consumer spending numbers for her popular books, "The Fragile Middle Class” and “The Two-Income Trap.” In both, she makes this point: Despite all those $200 sneakers you hear about and the long lines at Starbucks, consumers are actually spending less of their income — much less — on discretionary items like clothing, entertainment and food than their parents did. In fact, after taking care of essentials like housing and health care, today’s middle class has about half as much spending money as their parents did in the early 1970s, Warren says."
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soothsayer Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:42 AM
Response to Original message
5. My sister's cat LOVES it!
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Buns_of_Fire Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 03:15 PM
Response to Reply #5
16. Have her save some for me, please.
Dry cat (and dog) food may be a significant part of my diet pretty soon. (Only people who have 401(k)s will be able to afford the good stuff, like Fancy Feast and Alpo.)
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:50 AM
Response to Original message
6. ttt
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zabet Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 08:51 AM
Response to Original message
7. The middle class is soon to be
a thing of the past. Cost of living increases in wages
have failed to match the inflation rate for several years.
More people today are living paycheck to paycheck often with
days in between without a dime to spend. You will see the effect of
this coupled with the foreclosures, cripple the banks before too
long...if people cannot save any money -the bank loses, if people
get their home foreclosed on that is financed through their bank -
again the bank loses. Too many houses being held by the banks with
people unable to save any money. This will financially hurt a
bank severely if it goes on for any extended length of time.
It is going to get far worse before it ever gets better, if it
does manage to get better.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:31 AM
Response to Reply #7
14. MORE TAX CUTS FOR THE RICH! THAT'LL FIX EVERYTHING!
:sarcasm:
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AspenRose Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:01 AM
Response to Original message
9. Kickety
:kick:
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stirlingsliver Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:02 AM
Response to Original message
10. It Went Here
It went to Nebraska.

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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:23 AM
Response to Original message
11. Keep voting RED and sucking for them PUB BS LIES....learn, don't burn
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Arugula Latte Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 10:29 AM
Response to Original message
13. Sheesh. Obviously all the Welfare Queens took all the $$.
Poor corporate CEOs have to scrape by on tens of millions a year. :cry:
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 11:22 AM
Response to Original message
15. There's been a good life? I must have missed it. nt
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blues90 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-02-07 04:13 PM
Response to Original message
17.  As an old fart boomer hippy freak
I can say I worked hard and did not have any extra money to spend on anything . I used to make $170 every two weeks and rent was $170 a month so I shared this with my girlfriend , we drove old used cars and a big night out was a drive in once a week . Most of the time we just hung out with others and talked with music in the back ground maybe got high on MJ is we could afford it .

I get my yearly lifetime earnings on a sheet from SS and when I look back I made nothing really .

My father was a self employed carpenter building homes on his own and took me with during every summer vacation . There were 4 children in our family and our home was nice with old furnature and appliances that seemed to last for decades and at X-mas our tree was not bulging with presents and salmon burgers or tomato soup with saltines filled you up and we wore hand me down clothes . I forgot grilled cheese sandwiches or PB&J .

Since my parents came from the depression era we were taught to save and not spend and this included never toss anything out that had a use and if it broke learn to repair it and turn off lights and don't drink to much mike or never waste a meal .

You got away with nothing in school and had teaches who were strict , no passes were given .

I will take all that over today any time . Now there are to many choices of nothing but crap and a bunch of fast food places all designed for the car as if they panned far in advance that the people who be working long hours and have no time . Yeah , computers were supposed to save time not outsource your jobs or remove the job many did by hand and mind . They were also supposed to save paper , well that was none sense .
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