Eating out and going to the gym are among the wasteful 'nonessential' spending that Americans shouldn't do, according to a life insurance company. Their advice? Save that money to spend on life insurance instead. More from columnist hiltzikm:
, isn’t that American drain their resources with workaday spending, but that the middle class has been left behind by gains in the economy that have flowed in torrential scale toward the 1%. Many of today’s baby boomers grew up in households that made good incomes in conditions that have vanished. Unions protected middle class lifestyles for their laboring members. Middle-management jobs paid good salaries and offered pensions.
That’s why today’s workers find it harder to make ends meet — not because they’re wasting money on “nonessentials,” but because their just deserts have been snarfed up by corporations and the wealthy.
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