Classic New York Times Headline: Given a Shovel, Americans Dig Deeper Into Debt

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By Vincent Scordo on July 21, 2008 | 0 Comments | 2 TrackBacks

kafka cockroach500[1].JPGI'm convinced that your average American citizen has the financial IQ of a cockroach.  After all, where else in the Western world is the savings rate less than 1 percent (the instinct in the US is to spend rather than save and that's a problem)! 

Read the latest on America's financial disaster (consumer debt and the mortgage crisis).

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Scordo.com is a weblog about living a practical life, including tips and thoughts on "how-to" and saving money. Scordo.com is run by Vince, a regular guy who, raised by immigrant (Italian) parents in the US, saw first hand how to live a frugal life, save money, and not live like everyone else. You can read more about me here.

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