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1/1/09

Alternet: Shopaholics, Big Spenders and People in Debt, Getting Smacked by Economic Reality - Anneli Rufus

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Shopaholics, Big Spenders and People in Debt, Getting Smacked by Economic Reality - Anneli Rufus

This is the season for how-did-we-go broke books such as MacDonald's memoir, The Urban Hermit (St. Martin's, 2008), in which the libertarian journalist remembers "my long, raucous march into irresponsible living," then details the radical regimen he adopted to get out of debt. It was infinitely basic: Spend only $8 a week. Consume only 800 calories a day. He was warned that those starvation rations could kill him. "It was a strange and dangerous plan. A shitty plan, actually." But since he weighed 340 pounds at its outset, "I figured that I had amassed enough soft tissue to make it work."

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