<p>we were living well beyond our means for 10 years thanks to credit. Housing was going crazy while the average household income fell for 8 years in a row. </p>
<p>Not hard to figure it out, shrinking blue collar middle class no one with money to buy anything other than the wealthy. That is not going to last. One thing for sure the number of people working in the finance area is going to dramatically shrink.</p>
<p>I don’t see it coming back in a big way until we rebuild middle class jobs in the country. The big question is will there mostly be low wage jobs created for the average guy, like the last 8 years, or will they be solid jobs some one can live on.</p>