“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.”
BS. Majority of those 40% are not wasting money friviously. 40-50% of the population are living paycheck to paycheck for various reasons.. offshoring of jobs for starters. Wait until automation and AI really kick and 4 million well paid truck driving jobs go poof for starters.
Oh? So the fact the average credit card debt per U.S. household was $8,500 Is an illusion?