In the Arena

What Recovery?

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According to a new poll, 53% of Americans are worried about making their next mortgage or rent payment. Wow. Let’s concede that some of these people are exaggerating. Let’s concede that some–no more than a relative handful–received mortgages during the housing bubble that they couldn’t hope to pay. But this would be a shocking result if the figure were half as large.

By the way, Rob Shapiro thinks the Budget Commission’s leaked notion of limiting mortgage interest deduction is foolish, given the housing slump. He has some other interesting thoughts, too–especially the use of a financial transaction tax to raise revenues (and, one would hope, discourage speculation).

2 comments
celinesanderson1
celinesanderson1

Who isn't worried about making those payments?! Worrying about money is one of the things that causes so many diseases. It's very interesting that the mere thought of money can reduce your happiness. I've seen this in other studies. 

Celine  http://www.triumphtx.org 

jeanblake80
jeanblake80

Financial worries are probably one of the leading causes of stress.  I know that is true in my life and those around me.  However, a large part of that stress is definitely up to the individual if the financial situation is going to get better or worse. 
Jean |  http://newlifehouse.com/