Based on limited conversations (the DC 2010 event), I would say that Tea Party members aren’t exactly wealthy, but they’ve been logically frugal and didn’t buy houses they couldn’t afford. They didn’t buy cars beyond their pay scale. They didn’t take trips based on credit card debt. I’d even take a guess that most Tea Party enthusiasts have credit card debt of $5,000, or less.
Generally, they can’t understand the 30-year old who has moved back into house with mom and dad because of debt. They can’t understand why their local town has no real control over their budget. They can’t understand how a guy would owe $75,000 to several credit card companies.
It’s not that they are smarter....it’s just that they never got stupid and spent what they didn’t have.
We must have met the same people.
Just great.
Unlike my neighbors who have credit card bills that are astronomical, 2nd, 3rd and 4th mortgages and many that were consolidated under government subsidized loans.
Guess were they are now, two years later? In financial trouble again.
We are moving our assets to trusts and paying off mortgages in 9 years or less. Can’t be old and worried about any possibility of losing the properties.
I think that is a very good analysis.