Financial Times FT.com

Average American Joe is going to have to curtail his lifestyle

Published: June 5 2008 03:00 | Last updated: June 5 2008 03:00

From Mr Charles Tan.

Sir, Uncle Sam is falling sick. The US economy is in decline, plagued by rising homes foreclosures and financial market turmoil. To understand how the country has reached its tipping point, one has to study the lifestyle of the average American Joe.

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