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Economic Snapshot: How Americans Are Maintaining a Rock-Bottom Cost of Living


Our unscientific poll.


Good news, everyone! According to a recent Bloomberg article, the cost of living has fallen further than it has in 6 decades! Even Michael Moran, chief economist at Daiwa Securities (correct pronunciation of his last name not given) said, "Inflation is not an issue."

Sound implausible? Well, get ready to eat some crow. Among the examples of a healthy economy given by Bloomberg: "American Eagle Outfitters (AEO) was giving 50% off the purchase of a second graphic t-shirt," and "Chrysler... began offering 5-year, no-interest loans on some models this month."

Now, would that occur in an economy where wages were being outpaced by inflation?

With phone bills, gas, and health insurance at rock-bottom levels, Minyanville takes a look at how Americans are maintaining wallets stuffed with disposable income.

How Americans Are Maintaining a Rock-Bottom Cost of Living

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Eco Snap

Big-box retailers like Target and Wal-Mart carry clothing that can also be used for toilet paper and tourniquets

Child labor camps as far as the eye can see.

Incremental improvements on hardware and horrible AT&T service plans staves off a compulsory iPhone purchase for another year

Historically low test scores help offset the fortune required to put a kid through a good college.

E-books for Amazon's Kindle cost a fraction of the $17 the average American spends on books per year

Between Zicam, Alpo, Mattel, and Airbus, class action suits become very profitable business
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