Posted by machine on December 21, 2010, 2:33 am, in reply to "Re: I'm an American"
"Collective as in the overall economic holdings of the middle & lower classes."
In this country, the "lower class", for the most part, have food, shelter, medicine, and an xbox too boot, destitution, does not exist. I enjoy the AC and hot and cold water, and so forth, that my 40 hours a week get me.
"debt technically qualifies as negative wealth"
Yes. thats why we need to ween our selfs from debt.