In the Race

A better question would be:

How long before Americans feel the pinch from increased debt on credit cards they have been using to supplement they're budget shortfall so they can keep living the same lifestyle?

The true pain at the pump won't be realized until consumer debt loads become unsustainable.  That day, I'm afraid, is closer than you think.    

Fair enough.

I asked the question....but I don't really see anyone around me...the working middle class, so to speak, making any real changes yet.

Your point, Josh, is interesting enough.  I'm sure those who always charged are still charging away.  And I'm sure there are new families who have begun to charge...but I don't think we are really there yet, do you?  Where people are charging to supplement?  I think we are just using what we had for the extras right now....

No one can speak for everyone, though.

I hear about some people having to sell prized possessions to make ends meet...Are those the people who are unemployed?  They never say who these people are.

Hey...unemployment in WI was less in April 08 that it was a year ago...