I spent much of last week working on the Financial Fixups series that started Sunday. Sorry my posting suffered.

Katherine Kersten, fellow blogger and Star Tribune columnist added her two cents about debt in America today.

She makes a lot of good points. Why are we addicted to instant gratification and obsessed with upgrading? How are we different from our ancestors?

I recently saw someone in my neighborhood get a ginormous flat screen TV only to say they weren’t sure what they were going to do with the perfectly good one they have.

Maybe they should donate it to some deprived child who lacks a set in their room.

Where did we learn these spending patterns? Visa? MTV? President Bush?

What would happen if people stopped spending and started saving?

Will we ever find out?

Or will Grandpa start to spend like us? I saw a recent survey that said more and more seniors are relying on credit cards to buy prescription drugs and other necessities.

This entry was posted on Monday, October 30th, 2006 at 12:22 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.