1.16.2008

KEEPING UP WITH THE JONESES

Who says econ is boring and irrelevant? Here's an article from Slate about whether and why blacks spend more on "visible goods" (clothes, cars, and jewelry): "Cos and Effect." Keeping up with the Joneses is a sad way to expend material resources no matter how much bank you have; the sad reality is that for those who are poor (both white and black), doing it means less invested in other, better directions.
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