Posted on 01/23/2020 11:06:08 AM PST by SeekAndFind
And guess who pays for their stupidity?
Maybe us savers are the dumb ones, after all.
My liberal friend brings this up a lot. BUT last year the figure he used was $400.00. Thank you Mr. Trump.
Interesting. Only a year, or two ago the same exact headline read "Not Ready For Economic Collapse: Only 41 Percent Of Americans Have $400.00 To Cover An Emergency
My wife’s a long term dave ramsey fan (and I have become one as well), and all that that implies.
he’s on youtube now.
When have they ever had more?
That’s OK. They all have at least five credit cards. That will carry them through.
A $1,000.00 in the bank....3 cars, a $250,000 house, 4 Smart TVs, 5 I phones.
Yup....people are worried.
I thought the answer to this question was to trade in the $40 Hyundai Accent with 4 years of payments remaining, and instead finance an $80000 Ford F-250 quad cab at 8.9% APR for a term of 270 months. I better go back to skuul and get my masters degree for $180K so I can be smart, too.
Haven’t had a Savings account since the 60s.
It used to be Two Thousand Dollars. Now it's $1,000?
Maybe instead of wasting money on car payments, electronic gadgetry and tattoos, putting some $ away on a disciplined, regular basis would alleviate these concerns... but Americans, especially young ones, don’t have any clue about financial issues.
Kids should have financial courses in school. I think automatic signups for young people for 401/k or IRA funds started early. If Congress was worth a spit they could allocate a small % of Social Security revenues for say Stock index funds for some compounding growth since they hijacked SS years ago and now it’s paid from the yearly budget.
The only examples of calamities they cite are retail stores who have long outlived their usefullness as Amazon and its online competitors make it much easier for people to go shopping from home.
Retail closings are tied to the fact that the brick and mortar stores cannot compete with the internet. I dont think this will lead to a financial collapse.
Lots of doom and gloom in that article... of course, Snyder is one of the Alex Jones’ cronies, so it follows.
So Americans have 600 more dollars than last year? Ty potus
Hisotry courses detailing these past problems wouldmgo a long way too, but i hear nowadays american schools dont teach our own history anymore.
I’d almost be afraid if they started up again, as to how libtard socialist biased the textbooks would be.
An economic collapse is coming- and it is my belief that this whole climate scam will be the catalyst to ensure that it does- climate Taxes, fines, and added fees and business regulations will be so severe that people will have to turn to government help to find relief- just to buy oil, gasoline, heating fuel, food even- and the government will be all too willing to give people the help they need just to survive- for a price- the mark of the beast-
They will say “Come to (fill in the blank with some city, or several cities under their control), We have all the supplies you need to survive, we have electricity, fuel, plenty of food and potable water- all you have to do is travel here, and everything will be available to you”
Think about it- a father and mother, facing terrible cold, no food, no electricity because they can’t afford it- their children slowly starving to death ,nearly freezing to death in winters- the agony they must face over the decision to stay, and risk death for their children and themselves,s or traveling to the ‘city of promise’- little do they realize however, in order o get that gas, electricity, fuel, heating fuel, water and food, clothing etc- they will have to take the mark of the beast and worship him-
It’s gonna get ugly- Parents will face a terrible decision-
But i believe climate change fines, fees, regulations and taxes will be what cripples the world and pounds people into submission to a one world government
Who will need cash. Iodine pills, a bowie knife and a whole lot of 5.56.
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