Some of that conventional wisdom is simply common sense. Touch a hot stove and your finger burns. The body needs sleep. Anxiety makes us sick. As you sow, so shall you reap.
Maybe not so much on the sowing/reaping thing. Even a well sown field suffers devastation when weather is harsh.
The Kansas City Star has a story of a family of five living in a motel, cooking in the bathroom and kids playing in the hallways. I didn’t read the entire article so I admit to not knowing the details of ending as a human interest feature. But the point is that this family’s story is common. Homelessness is becoming common.
Shortsighted planning? Credit card abuse? Instant gratification, unwillingness to save towards future purchases? That mysterious ‘better life’ for the kids? Agreed. This is sowing weeds.
But there is more. So much more beyond the control of budgeting for utilities, wearing last year’s coat, eating at home, driving less. Desensitization to core values that foster restraint.
Corporate greed. Aggressive advertising to influence children. Media messages that create needs from wants. Political pork. Self interest grown to monster proportions.
It is more than the economic bubble doing the bursting. And just for he record, there is no way to recover a burst bubble. Try that. You can’t. It is gone.
Starting over? The top of the economic strata is just fine. No need to start over. And the ‘supplemented’ strata will be steady until the money runs out. The middle suffers the most–and the middle carries the weight of the top and the load of the bottom.