Before moving to Shamong, NJ, Joan, her husband andAl four children, lived a well above average middle class life in a suburban Toledo, OH. They owned a single family home. She ran a home day care to supplement her husband's
Moving meant Joan's day care income was gone. It also meant a cut in her husband's salary to $40,000, and an increase in rent from $875 monthly mortgage payment, which included principle, interest, taxes and insurance, to a trailer park rent of $1,125.
Doing some quick math for Joan's situation reveals how the Great Recession has decimated middle class America: after taxes $40,000 is about $30,000 take home in New Jersey. Less $5,000 for carfare to get to work. Less $13,500 for rent. Utilities and phone, let's say $2,400; way too low, right? That leaves $14,100 for food, insurance, diapers, laundry, clothes and every other vagary l
Think you can feed yourself for $5 a day? What would you buy? What would you forego? Fast food will eat up that whole amount in a single meal. If Joan spends every cent of her family's $14,100 of "discretionary" money on food she would have a $6.53 per person per day food budget.
Joan wasn't embarrassed to