1 in 4 Americans have more credit card debt than savings.
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
1 in 4 have more credit card debt than savings
- Thread starter Mr Nice
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Originally Posted By: LT4 Vette
1 in 4 Americans have more credit card debt than savings.
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
That would be me!
1 in 4 Americans have more credit card debt than savings.
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
That would be me!
Doesn't even mention car debt. How many make monthly payments?
Factor that in too.
Factor that in too.
I definitely am that.
I don't have much debt, but I just used my savings as a down payment on my condo. At least I have a number of years tax free to pay the savings back.
Things will change in a few years.
I don't have much debt, but I just used my savings as a down payment on my condo. At least I have a number of years tax free to pay the savings back.
Things will change in a few years.
I'm shocked the number is so low. I figured it would be 1 in 4 do have more savings, leaving 3 out of 4 with more debt than savings.
Originally Posted By: javacontour
I'm shocked the number is so low. I figured it would be 1 in 4 do have more savings, leaving 3 out of 4 with more debt than savings.
+1
I'm shocked the number is so low. I figured it would be 1 in 4 do have more savings, leaving 3 out of 4 with more debt than savings.
+1
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
Originally Posted By: LT4 Vette
1 in 4 Americans have more credit card debt than savings.
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
You missed our other thread that sort of relates:We are a nation of morons...look what sells:The Comfort Wipe
The Egg Genie "cause boiling eggs on the stove is so hard"
The clapper
27 different how to get rich with no money
Free Government Money by Matthew Lesko
Anthony Sullivan here......
https://bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=2919541&page=1
1 in 4 Americans have more credit card debt than savings.
http://lifeinc.today.com/_news/2013/02/2...-savings?litegl
You missed our other thread that sort of relates:We are a nation of morons...look what sells:The Comfort Wipe
The Egg Genie "cause boiling eggs on the stove is so hard"
The clapper
27 different how to get rich with no money
Free Government Money by Matthew Lesko
Anthony Sullivan here......
https://bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=2919541&page=1
My credit union automatically pays off my CC every month in full. Average monthly balance is around $400 (gas /groceries /tolls).
Originally Posted By: antiqueshell
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
That thought is
by me!
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
That thought is
Originally Posted By: antiqueshell
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
Bing Bing Bing... we have a winner!
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
Bing Bing Bing... we have a winner!
Originally Posted By: antiqueshell
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
I don't. We are in better shape than Europe so it is all relative. We are working our way out of what is the 2nd New York stock market crash just like in 1929. Only this time the government acted to avert it. Ben Bernacke will either go down in history as the worst Fed manager or the most brilliant. We are slowly working our way out of this mess little by little and many will suffer but not half as much as we would have. It is impossible to measure what would have happened but it would have been worse than 1929. If you pay cash for everything...then you are contributing to the US economic stagnation and you are financially going backwards and will suffer massively at the hand of inflation in 10 years. Those who invest in commodities and real property will gain wealth. Those who reinvent small businesses will prosper.
So if you think for a minute you can sit this out on the sidelines...they are moving the goal posts and what was once 10 yards in your economic football game will be 25 yards 10 years from now.
I think things are FAR FAR worse, than is being let onto in the mass media.
Also seems to be the case that MANY Americans are dipping into their 401k plans to simply pay ordinary bills.
It's only going to get worse, with wages stagnant or DECREASING when you factor in inflation on everything from gasoline, to food, to other staples.
Many financial analysts like Jim Rodgers believe that a depression and financial collapse is imminent in the next serveral years in the USA.
I agree.
I don't. We are in better shape than Europe so it is all relative. We are working our way out of what is the 2nd New York stock market crash just like in 1929. Only this time the government acted to avert it. Ben Bernacke will either go down in history as the worst Fed manager or the most brilliant. We are slowly working our way out of this mess little by little and many will suffer but not half as much as we would have. It is impossible to measure what would have happened but it would have been worse than 1929. If you pay cash for everything...then you are contributing to the US economic stagnation and you are financially going backwards and will suffer massively at the hand of inflation in 10 years. Those who invest in commodities and real property will gain wealth. Those who reinvent small businesses will prosper.
So if you think for a minute you can sit this out on the sidelines...they are moving the goal posts and what was once 10 yards in your economic football game will be 25 yards 10 years from now.
When people start trading their iphones for bread, then maybe, we have a problem. When they complain about how broke they are on the internet via a smartphone, laptop, and tablet, I don't buy it.
gathermewool
Site Donor 2025
Originally Posted By: surfstar
Doesn't even mention car debt. How many make monthly payments?
Factor that in too.
I was bad for a long time (not counting my 401k,) but I can proudly say that the ONLY debt (my wife and) I hold is the $6k I still owe on my STI. I haven't paid it off, because it's a 0% loan.
The secret: I stopped loaning people what little money I had as a recent college grad...
Doesn't even mention car debt. How many make monthly payments?
Factor that in too.
I was bad for a long time (not counting my 401k,) but I can proudly say that the ONLY debt (my wife and) I hold is the $6k I still owe on my STI. I haven't paid it off, because it's a 0% loan.
The secret: I stopped loaning people what little money I had as a recent college grad...
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There needs to be protests of the 75%! They should carry their fair share of CC Debt!!
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