Reply #99: What will be interesting to watch is these middle class folks

[sinkingfeeling]

facing reality when the interest rate goes skyward on that adjustable mortgage they took out so they could buy a house well beyond their means. Or when the real estate market dives and they discover those 'oh-so-easy' equity loans they took to buy the new SUV or plasma TV, left them owing more on their house than it's worth. So many 'middle' class families are on the brink of destruction... one job layoff, one major illness, increasing credit card interest rates because of a single late payment.... I also wonder how they think their kids can continue in the middle class with 'service industry' jobs.