Excellent idea. First, can you loan me $1000?
Instead of “Keeping up with the Jones’s,” American’s need to learn to live within their means.
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?........................
“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.
IATG
till debt do us part
Some debt can be productive, if its properly used (i.e., acquiring assets that appreciate rather than consumer goods that quickly lose their value).
If only we had Brandon as pResident again- he could forgive all the debts, right? Doesn’t just have to be student loans?! /s
bkmk
It was me.
My bad.
I just kept getting all these offers in the mail.
“what we need is a divine Jubilee year…”
Yesterday you were posting that that would only happen after the destruction of the US and you were cheering for our destruction.
Decades of wage suppression policies plus inflation and this is the result.
Most jobs do not pay nearly enough to support a family.
Americans *would not* be $18,000,000,000,000 in debt if the US and then the world did not go off the Gold Standard in 1971. Nixon gets the blame but it was actually Johnson a few years earlier by eliminating the backing of federal reserve notes (money) by gold, that killed the gold standard.
Living via various debt instruments has become the normal order of business, to the detriment of real people the world over. Business & industry are similarly burdened.
Govt’s everywhere borrow and kick the can down the road, a road with a finite length.
People used to save their money for purchases or use lay-away, Christmas savings accounts. Now it’s charge, charge, charge.
There’s a whole class of people who routinely drive themselves into the financial ditch, then use the bankruptcy courts to dissipate their legally incurred debt.
Do we even need to rehash about the millions living off others via the gov’t free money system?
Trump’s fault. I just know it...