Pattern of consumer credit use in which individuals borrow in order to purchase more goods and services than they would be able to afford on real earned income alone. Being unsustainable in the long-term, this trend follows the typical bubble pattern and eventually collapses.
Related information about standard of living bubble:
- Value Driven: The standard-of-living bubble - Aug. 20, 2008
Aug 20, 2008 ... We may be approaching the end of the most worrisome bubble of all: the standard-of-living bubble that grew out of easy credit.
- Faking It: America's Standard-of-Living Bubble Burst Looming ...
Due to our reprehensible spending patterns, Americans are encroaching the bursting of the most worrisome bubble of all: the standard-of-living bubble, ...
- Standard Of Living Bubble Definition | Investopedia
The concept of consumers living beyond their means for an extended period of time. The notion of a standard of living bubble is characterized by flat ...
- Is The 'Standard-of-Living' Bubble Next? | AllFinancialMatters
Aug 23, 2008 ... The next bubble according to Geoff Colvin will be a standard-of-living bubble due to a credit card crunch. …a big crunch is coming – and here's ...
- Standard of Living: The Next Bubble To Pop?
When the standard of living bubble bursts, it will result in some rather unpleasant withdrawal pains. People who have grown accustomed to the spending ...
- What is standard of living bubble? definition and meaning
Definition of standard of living bubble: Pattern of consumer credit use in which individuals borrow in order to purchase more goods and services than they would ...
- Will Your Standard of Living Bubble Burst? | Tough Money Love
Aug 25, 2008 ... This article is for consumers who may be living in a bubble of an inflated standard of living. The economic data indicates that there are many of ...
- Tough Love Techniques to Stop Using Credit Cards | Tough Money ...
Jul 31, 2008 ... Trackbacks. Check out what others are saying about this post... Your Standard of Living Bubble May Burst | Tough Money Love says: August 25 ...