The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  Re: The New Luxuries Date:  10/12/2000  10:21 PM
Author:  wizand Number:  21629 of 876379

An interesting article by Richard Alm and Michael Cox is at: and Titled "Even the poor have more"

He states:In fact, by the standards of 1971, many of today's poor families might be considered members of the middle class.

In it he makes a case that the luxuries enjoyed by the average middle family of of a few decades ago are now widely used by today's "poor" families. Even "real" poverty by one definition has dropped from 31% in 1949 to 2% at the end of the 1980's.


(The other articles on this link are also excellent.)

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us