Monday, April 10, 2006

Letting Our Children Pay

On the front page of today's New York Times, there is a story about parents who are making their children pay their own college expenses, which begins with this description of a family's economic plight:

"[the student's] parents earn about $100,000, but her mother ... said little is left after paying for housing, three cars, gas, food, and utilities...."

It is a perfect symbol of the modern economy. The family's three cars are such an economic burden that they have trouble providing for their children.

This is our modern form of economic hardship. Families have no choice but to pay for the three cars, because they live in a suburb where it is impossible to leave your house without a car.

Future generations will pay for our consumerism.


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