Gas, Credit Cards, Mortgages...where will it end???

Now, I don't consider myself in financial desperate straits, but like many other Americans, credit card debt and rising costs of everything, particularly gas, is really making ends meet a lot more difficult. We are refinancing our house to pay off some debt, and still, groceries are expected to rise another 4% next year. Cable rates, energy rates, gas rates...everything keeps going up and up and up and my resources aren't keeping up with it.

Foreclosures seem to be at a very high level, so I know there are a lot of folks a lot worse off than me. Yet, there appear to still be plenty of families who can afford multiple Disney World vacations a year and drive multiple Hummers.

Rhetorical, perhaps...but where is this going to end? Or is it just going to continue getting worse?

actually the market is adjusting for false reasoning induced by banks credit cards.
think mortgages have problem?
wait till banks tell the reality about slave cards.
foreclosures are 'high' and yet they are only
less than 1% of total mortgages in USA.

remember these will the 'good old days' in a few decades.

do u remember 18% fixed rate mortgages? i do.

the greedier the world gets the more it will continue to
happen

It is only going to get worst. Even people who have been paying their bills on time such as credit cards are seeing their interest rates go up. I just paid off one credit card today and I have two more to go. The last payment will be next December. I am getting off credit cards once a for all. In the future, when I use a credit card I will pay it off right away and not carry a balance.