[Gay State Conservative]

My Dad was a child of the Depression.Like many of his generation he,as an adult,lived below his means. As he reached middle age (and beyond) he drove Oldsmobiles and wore Timex watches despite being able to afford much better.

I learned (or inherited) the same basic attitude and,as a result,I haven't had a mortgage since I was in my late 30s and haven't had a balance on a credit card since my 20s.

[lurk]

Thankful that our household debt has been zero for the last 3 years.

[Responsibility2nd]

Lots of numbers here. No real information.

So how much is the average debt per family?

[Perseverando]

U.S. Debt Clock

[Openurmind]

This doesn’t seem to take into account what is also owed to the National Debt.

[Red Badger]

No mortgage for us! Paid off a 30 Year Mortgage in 16 Years!
Thank you and God bless President Trump!....................

[Pilated]

We owe no one anything. Except annual property taxes and any monthly utility I may use. We have every thing we need for life. We have no need for credit.

[who knows what evil?]

The plan is ‘die broke’...so far, so good.

[sauropod]

Study.

[Jim Noble]

As long as voting is allowed, nothing is more certain than that the bankers are going to get it in the neck.

[SkyDancer]

I just received my tax return for 2018 back from the IRS. It puzzles me!!! They are questioning how many dependents I claimed. I guess it was because of my response to the question: "List all dependents?" I replied: 12 million illegal immigrants; 3 million crack heads; 42 million unemployed people on food stamps, 2 million people in over 243 prisons; Half of Mexico; and 535 persons in the U.S. House and Senate." Evidently, this was NOT an acceptable answer. I KEEP ASKING MYSELF, WHOM DID I MISS?

[dadfly]

bookmark

[Ted Grant]

I did my part. I paid off my undergrad and law school student loans within four years after graduation and pay off my credit card debt in full every month, and I have done so since the late 1990s.

The only debt I didn’t pay off immediately was my car loan - I took it out in 2002 at 0.9% and just made monthly payments. The useful life of the car was eight years.

If I can’t pay in cash (or pay fully in a few months), I don’t buy it. Simple.

[Freedom_Is_Not_Free]

So we added $12 trillion in national debt in the last 10 years, and only reduced household debt $2 trillion from 2008 to 2014.

Where did the other $10 trillion go. $10 trillion to prop up the stock market? Or maybe like $6 million to pump up the stock market and $4 trillion for endless wars.

It must be nice to be rich and have the government make you richer still.

[Buckeye McFrog]

Those are some good indicators for the Fake Indian.
Her whole campaign is about forgiving debts and holding televised public floggings of bankers.

[Wuli]

How far from or near a bubble are the numbers:

Mortgage debt 45% of GDP in 2018
Mortgage debt 57% of GDP in 2008

Non-Mortgage Household debt 24% of GDP in 2018
Non-Mortgage Household debt 21% of GDP in 2008

The elephant in the room?

College student loan debt:

Student Loan debt 2018 1.46 trillion (7.3% of GDP in 2018)
Student Loan debt 2008 640 billion (4.5% of GDP in 2008)

[maddog55]

Vote Democrat and they’ll pay for everything.

[fella]

What about those of us who are living within our means?