I really hate things that are generalized. For example. The Globe and Mail today generalizes that people are spending more than they make because they don’t care about savings. The “reporter” from the G&M does not bother looking at the fact that things cost more, but salaries haven’t changed much in the last 15-20 years. If costs go up, and salaries stay the same… Then yes that 40% cushion from the past would disappear. Then again logic doesn’t take into account when it is from the G&M.