IT IS well-documented that the American middle class is shrinking. The Pew Research Center said recently that after four decades as the nation's economic majority, "the American middle class is now matched in number by those in the economic tiers above and below it."
WE ARE HEADING toward the holiday that encourages gluttony. Supermarkets are already overstocking their shelves with traditional Thanksgiving food items. But in many homes, there will be people who won't have a traditional Thanksgiving dinner or a meal at all that day.
PEOPLE ARE SO desperate to get out of debt that they will believe anything and anyone promising relief. They often turn to debt-relief companies that promote plans that supposedly can solve their problems. But for many, not only does the relief not come but the steep cost of the plans - sometimes thousands of dollars - can dig them in deeper.
Michelle Singletary is a nationally syndicated columnist for The Washington Post, where she writes the award-winning column, "The Color of Money." In her spare time, Singletary is the director of “Prosperity Partners Ministry,” a program she founded at her church in which women and men, who handle their money well, volunteer to mentor others who are having financial challenges.