“My American Dream is in tatters. I didn’t throw it away by overspending, or drugging and drinking myself to ruin, or not working my butt off all of my life. It just collapsed around us.”
I hope things work out; despite what some may say, for many people there was simply no way to escape this. American companies don’t want to pay wages according to supply and demand unless they get to flood the supply with cheap foreign labor; in that scenario the guy who has to bring home a certain minimum to pay for housing and children is basically screwed. He’ll always lose out to the younger, unmarried, childless person who can afford to work for less. As a result, the last generation of Americans is subsidizing the next wave of “replacement Americans”; NOBODY will risk the long-term financial investment of children or houses anymore. Auto loans now have the same “bad loan” risks as hme loans did ten years ago; there is no stability to the job market.
Not exactly an Econ major or businessperson, eh?