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...state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, Upper...

Author: /time Magazine | Title: Inbox | 10/23/2008 | See Source »

...state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, UPPER...

Author: /time Magazine | Title: Depression Hurts | 10/21/2008 | See Source »

...Maybe if the markets rebound and my husband and I scrimp, Nicola will head off to a secondary school with people from the Dorchester birthday-party set. We'd defy the odds if she did: a Halifax Financial Services study last year found that the average earner in only 13 professions can afford private school for their kids, down from 23 professions in 2002. Perhaps we'll move to an area where the schools are good, free and nondenominational. Even so, Nicola's schoolmates will probably be middle-class like her: the Bristol University study found that poor children...

Author: /time Magazine | Title: Stuck in Class | 10/21/2008 | See Source »

...state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, Upper...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

...state what we are unlikely to hear from any elected official: that thrift is an important virtue and that our failure to practice it has helped bring on the current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, UPPER...

Author: /time Magazine | Title: Inbox | 10/16/2008 | See Source »

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