Be honest. How fast would debts consume whatever savings or property you own? Our fairy-tale middle class is one life-line away from living in the street. To truly be middle class now in the U.S. would require at least a six figure income and a net worth of over a million dollars. The United States is now the land of the great imaginary middle-class. If you lose your job or have a medical emergency your credit is very likely to be damaged. Once that happens you can forget about getting … [Read more...]