Consumer Credit And The American Conundrum

What to do? This is not as an innocuous question as one might think. For most American families, who have to balance their living standards to their income, face this conundrum each and every month. Today, more than ever, the walk to the end of the driveway has become a dreaded thing as bills loom large in the dark crevices of the mailbox. What to do?

The conundrum exists because there is not enough money to cover the costs of the current living standard. The average family of four have few choices available to them. The burden of debt that was accumulated during the credit boom can't simply be disposed of. Many can't sell their house because 1 in 4 homes are worth less than what they owe. There is no ability to substantially increase disposable incomes because of a weak employment environment and deflationary wage pressures. Despite the mainstream