<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/a6fad4df-2130-4aba-b24e-43e0aacb5f2c/6D43F2E0-78C4-406C-9A61-FD28979235F5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://thewisdomgoldenmean.blogspot.com/2007/08/american-classism-has-its-privileged.html" href="http://thewisdomgoldenmean.blogspot.com/2007/08/american-classism-has-its-privileged.html" style="font-size: 11px;">thewisdomgoldenmean.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://thewisdomgoldenmean.blogspot.com/2007/08/american-classism-has-its-privileged.html"><DIV>My hometown neighborhood was identified in U.S. News and World Report as the 7th largest white ghetto (Whitman & Friedman, 1994). Relative to others in the lowest income quartile, our family, with an annual income totaling approximately 30-50% of the poverty line, was considerably poorer than most. It is difficult to understand the poverty line without a reference and even more difficult to summarize the economics of a family over the span of many years. So the best way to explain our family income is to say that throughout most of my childhood, my two parents and their six children on average lived on approximately $5000-8000 per year or $400-$650 per month (in 2004 dollars). Paying rent usually took 75% of the cash our family had, leaving about $12.50 per person per month for all other expenses aside from housing. We had no assets whatsoever, but rather carried a constant rolling debt with creditors who gauged poor people with usurious interest rates.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6D43F2E0-78C4-406C-9A61-FD28979235F5/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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