The common wisdom is that excessive debt-financed spending was one of the causes of the recent recession, so the news that household debt is dropping is being celebrated as reason to believe we're on the mend. Baloney.
Gary Rivlan notes in his book, Broke USA, "the working poor have become big business." You wouldn't think that poor people would be a growth market, but businesses make big money off people who live paycheck to paycheck.
CBS has created a show where fat cat execs hop off their perch, spend time with the little people, and leave with a better understanding of what it takes to make a living nowadays. Call it the first truly recession-era reality show. Or just call it porn.