"People are realizing their job is their source of financial stability, that they have to live within the means of their job." David Ellison
I agree with Ellison's opinion because a person wouldn't be able to pay their bills if they didn't have a job. Therefore people live off of their job because that is how they get their money. Also housing and stocks were the things we paid attention to, things that gave us confidence in to be good American consumers. It's true what the article mentions. We were so confident about housing and stocks and at the same time the percentage of their income people were saving dropped down until the power of credit cards and other debts went down.
This article can be found in the March 23, 2009 issue of Time Magazine.
Article by Barbara Kivat
Review by Jahaira Zepeda