Everyone wants a piece of the consumer. It ain't going to be pretty.
In the future higher taxes will take a bite out of the pocket book (income, state, sales and property - we've got to pay for what we have deferred). Also, higher telecommunications costs (cell phone, data plan, cable), higher energy costs (electricity and gasoline, and cost of climate management), higher water/sewage/trash costs (got to pay for infrastructure investment), higher living expenses (food), higher retirement costs (increased savings bought on by greater financial insecurity).
Any way you look at it, there is less and less disposable income available for discretionary items (did I mention inflation robbing real income). Welcome to the future! Welcome to a more comfortable life with higher living standards (although reduced relative to our faster growing third world brethren), offset by less discretion and less financial flexibility.
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