Prosperity is Relative and Cash Advances are Still Good Choices

How are Americans coping?

Americans are coping with the recession by cutting back their spending, looking to cash advances and selling off unneeded goods. Regardless of income, people are reacting to the recession and proactively trying to keep themselves afloat.

Prosperous takes on a cloudy meaning

The Parnell family of Sevierville Tennessee makes over $250,000 a year. By all accounts they are one of the "prosperous" families that in former times would have been thought of as immune to financial woes. Looking closer at their lives brings a new perspective. Both husband and wife work, five and seven days a week, respectively.

They drive an old vehicle and live in a moderate priced and sized house. They certainly don't live like the "prosperous" theoretically do. The Parnells stated they are "not complaining but the reality is Obama may call us wealthy, but I thought we were just good old middle class. Our needs are being met, but we don't have a load of cash to cover wants."

Meet the Parnells

The Parnells are like a lot of American families. They are just above the "over $250,000 income" tax-bracket Obama drew and therefore will see higher tax rates and lower deductions. The President added, "We've made a clear promise that families that earn less than $250,000 will not see their taxes increase by a single dime." The Parnells are the result of a dual-income home and though they do hit the quarter-million mark, they are not the affluent, recession-proof family that numbers suggest they should be. ... click here to read the rest of the article titled "Prosperity is Relative and Cash Advances are Still Good Choices"