I urge you, dear reader, to read this series of links. First is the subject of our cautionary tale, a 48 year old New York Times economics writer who painfully reveals the depth of his own bad decision-making in leaving him and his (new) wife a cliche of debt-financing and sub-prime mortgages. This fellow lays it all out there, and he isn't asking for our pity. But the decisions he made along the way beg credulity, and he is where he is as a result.
Next is Megan McArdle's blog entry introducing us to the fellow above. McArdle does a riff on David Brooks' nearly famous "status-income disequilibrium" in which people in certain professions (generally with significant educations) grow dismayed at the paucity of their incomes compared to those with whom the consort. Where I part with McArdle on this front is that our friend above wasn't some kins of free-lancer, surviving day to day on the next check to come from someone who buys his writing. This guy was making $120,000 a year as a salaried reporter.
Finally, we've got Tigerhawk from whom I picked up this threat to being with. I am particularly drawn to his thinking on the subject of the widening gap between reporters/writers/academics and those in the business world as a possible contributor to those occupations increasing identification with the political left.