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Americans have been spending like warp speed for so long and haven't stopped yet to figure out they don't need have the crap they buy.
For over 20 years the joke's been on us. Keep those cheap foreign made pieces of junk flowing so we don't notice that our earnings have not been increasing. Hey, when you can buy cheap stuff at the Dollar Store you don't need a raise, do you?
There is no way out of this without serious crashing on mulitple levels. It's not in Americans' best interest to keep purchasing like there's no tomorrow. And there's been little incentive to save money - no, I don't mean with coupons. I mean putting it away and not using it to buy things with.
I don't know the exact facts but I would guess that 80% of all Americans are one paycheck away from disaster.
