<p>I read a lot of economic forecasts and a common theme is that there will be an improvement in the overall economy late this year and into next year - jobs will lag a recovery, and then it will be slow growth for around nine years. Lower wages aren’t necessarily bad - if prices are relatively low as well. When I grew up, we didn’t have the expectation of high growth that was seen in the 1990s and a few years of the 2000s so it wasn’t a big deal if things were stable.</p>
<p>In this kind of an economy, you don’t want to load up on debt to pay for things as growth (salary, investments, etc.) won’t effectively wipe out the debt over the long run.</p>