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US Household Debt Surpassed $18 Trillion
Armstrong Economics ^
| 17 Mar 25
| Martin Armstrong
Posted on 03/17/2025 7:18:41 AM PDT by delta7
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Debt, debt, debtโฆ..what we need is a divine Jubilee yearโฆ.which coincidently is hereโฆ..Yom Kippur is in October, just saying.
1
posted on
03/17/2025 7:18:41 AM PDT
by
delta7
To: delta7
what we need is a divine Jubilee year Excellent idea. First, can you loan me $1000?
To: delta7
Instead of “Keeping up with the Jones’s,” American’s need to learn to live within their means.
3
posted on
03/17/2025 7:26:52 AM PDT
by
EvilCapitalist
(Pets are no substitute for children)
To: delta7
When I was a young man right out of the Marine Corps, a credit card was near impossible to get. I applied for a few and was turned down by all.
Fast forward 30 years and my daughter just graduates from HS in 2005, and credit cards are practically being throw at her.
And they wonder why we have $18 Trillion dollars in household debt?........................
4
posted on
03/17/2025 7:28:54 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: EvilCapitalist
Do your part. We are. ๐ค๐ต๐๐
5
posted on
03/17/2025 7:29:43 AM PDT
by
rktman
(Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this๐ฉ? ๐ซ๐! ๐ฎ๐ฑ๐!)
To: delta7
“The Federal Reserve Bank of New York recently reported that household debt has reached a new all-time high at $18.04 TRILLION.”
I have $250k debt. I also have $700k equity over that debt.
6
posted on
03/17/2025 7:30:43 AM PDT
by
TexasGator
(X1.1111'1'./iI11 .I1.11.'1I1.I'')
To: rktman
I have done my part. Except for the bill for the hernia surgery I just had, I am debt free. No mortgage, no Credit Card debt.
7
posted on
03/17/2025 7:31:39 AM PDT
by
EvilCapitalist
(Pets are no substitute for children)
To: EvilCapitalist
8
posted on
03/17/2025 7:33:04 AM PDT
by
rktman
(Destroy America from within ? Check! WTH? Enlisted USN 1967 to end up with this๐ฉ? ๐ซ๐! ๐ฎ๐ฑ๐!)
To: delta7
9
posted on
03/17/2025 7:35:48 AM PDT
by
kiryandil
(No one in AZ that voted for Trump voted for Gallego )
To: Red Badger
“When I was a young man right out of the Marine Corps, a credit card was near impossible to get. I applied for a few and was turned down by all.”
Shortly after I went into the Navy, my father signed a personal loan at the local bank so I could buy a car.
Something in the system triggered and they sent me a MasterCard.
It came in very handy, particularly with renting cars and hotel rooms.
10
posted on
03/17/2025 7:36:27 AM PDT
by
TexasGator
(X1.1111'1'./iI11 .I1.11.'1I1.I'')
To: kiryandil
"IATG"
Thank you for your support. My base has really dwindled since I lost $700 million of my clients' funds,
11
posted on
03/17/2025 7:39:03 AM PDT
by
TexasGator
(X1.1111'1'./iI11 .I1.11.'1I1.I'')
To: TexasGator
Hell, I couldn’t even rent a car when I was in!
Was told I had to be a E-7 or better!........
12
posted on
03/17/2025 7:42:26 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: TexasGator
You make a good point. Not all personal debt is bad.
13
posted on
03/17/2025 7:47:35 AM PDT
by
Responsibility2nd
(Nobody elected Elon Musk? Well nobody elected the Deep State either.)
To: delta7
To: delta7
Some debt can be productive, if its properly used (i.e., acquiring assets that appreciate rather than consumer goods that quickly lose their value).
To: delta7
To: delta7
If only we had Brandon as pResident again- he could forgive all the debts, right? Doesnโt just have to be student loans?! /s
17
posted on
03/17/2025 8:11:00 AM PDT
by
Reddy
(BO stinks)
To: Red Badger
“Was told I had to be a E-7 or better!........”
I was an E-5 in 1970 stationed in Hawaii.
18
posted on
03/17/2025 8:15:14 AM PDT
by
TexasGator
(X1.1111'1'./iI11 .I1.11.'1I1.I'')
To: TexasGator
I rented a car in Berlin airport a few years back and the agent gave me a paper listing places I could not take the car.
All were former Eastern Bloc countries except Italy.
I asked her why Italy, and she said “They will steal it and strip it!”.................
19
posted on
03/17/2025 8:22:33 AM PDT
by
Red Badger
(Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
To: delta7
20
posted on
03/17/2025 8:23:27 AM PDT
by
sauropod
(Make sure Satan has to climb over a lot of Scripture to get to you. John MacArthur Ne supra crepidam)
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