Unfortunately, the foreseeable future over the next 2-5 years doesn’t look any better what with the loss of real estate values, increased unemployment, foreclosures, and soon to be seen further stock market losses that will make the 2008 fourth quarter losses seem like a walk in the park.
Candidly, the middle class needs a resurgence of the money attitude they had 50 to 60 years ago when they focused on planning, financial education and building futures for their families. Perhaps one good thing may result from this present recession and that is a return to that frugal attitude versus the instant gratification of buying everything on credit, including vacations. People generally spend more time today planning their next vacation than they do in minding their personal finances. Visit the Elite Wealth Plan Products and Services
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#3 by Azure on September 6, 2009 - 7:43 am
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