TED JENKIN: Europe is burning because people can't pay their bills. America should pay attention
MELONI CONDEMNS ‘GANGS OF THUGS’ AFTER PROTESTS TURNED VIOLENT ACROSS ITALY And America had better pay attention.
Key points
- A young couple wants to buy their first home but can't save a down payment fast enough to keep up with housing costs.
- They wonder whether they can afford groceries, pay the electric bill and make their mortgage payment.
- THOUSANDS FLOOD BRUSSELS STREETS AS ANTI-AUSTERITY PROTESTS ERUPT INTO CLASHES WITH POLICE But the financial frustration deserves attention.
People are working, collecting paychecks and wondering why they still can't afford their lives.
GORDON SONDLAND: FRANCE IS BURNING, EUROPE'S BROKE, AND THE REVOLUTION IT REALLY NEEDS ISN'T VIOLENT More than 230 years later, France is once again witnessing angry crowds in the streets.
Additional details
- Because that remaining money determines whether families can save, invest, take a vacation or handle an emergency without going into debt.
- They were marching because they couldn't afford to feed their families.
- And there's an enormous difference between what economists call a healthy economy and what families experience at their kitchen tables.
- Retirees on fixed incomes watch property taxes and insurance premiums eat into their savings and Social Security checks.
- When people believe working hard no longer guarantees a reasonable standard of living, something changes.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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