Quote:
Originally Posted by Pico and ME
However, I wonder how many households have two incomes just to survive...to get the bills paid.
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For all the stuff they couldn't really afford in the first place?
Quote:
Originally Posted by lookout123
Certainly families are at peril, but consider the difference. In 1929 if Bob lost his job and Judy was already a stay at home mom there was ZERO income to buy food and pay the mortgage/rent. In 2008 if Bob loses his job and Judy still has hers life gets shitty but they can probably still eat and pay the rent.
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Not if the had an ARM that just went up. Some of them can't afford the increase with both of them working.