"BAR" wrote in message
...


I believe they tried to live beyond their means, at least in the US, by
using the perceived or believed value of their home as a checking account.
Now they are fat in the belly with memories of lavish vacations and a
mountain of debt.


Someone made a similar observation on one of the cable news interviews
yesterday.
I forget who it was, but (I think it was a woman) she also pointed out that
we have a whole generation now-a-days with no direct contact to the
Depression years. She pointed out that in the past, families sat around at
the dinner table with grandma or grandpa describing in real terms what the
Great Depression was like. The stories had an impact on the financial
management of the next generation's money and income.

Now, the stories of life in the Great Depression are read in history books
only and have about as much influence on people as stories of the Pilgrims
landing on Plymouth Rock.

Eisboch