Common sense experts are always welcomed on Houston’s Morning News, especially when we’re talking money. Hank Lewis of Lone Star College is one of those, always on target talking practical application of what some economists only talk in theory. So it was appropriate to have Hank Lewis as we talked about America’s middle class, struggling to stay in the middle class (according to some) by overspending.As Hank Lewis explains, it cuts both ways. Spending on things you want in “keeping up with the Joneses” or simply because you denied yourself for so long during the downturn. As we learned, that sets up a vicious cycle of incurring debt again, and there goes your middle class security.Take a listen to the podcast interview with Hank and the background stats provided by KTRH’s Cliff Saunders HERE.
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