Originally Posted by
UpThere
Not only do you work more and get payed less, you are saving even less as well. With inflation and the price of everything in general going up the past several years, even if you averaged a 3 or 4 percent increase in salary every year, you still have less in your pocket. This has been going on year after year... where will we be in 15 or 20 years?
I'd probably guess in a financial situation worse than the past couple of years, but we still won't come close to a major meltdown like Iceland has on their hands.