Can we do anything about the Personal Debt Crisis in this country?
by admin ~ November 21st, 2009 . Filed under: Politics .
pdooma asked:
Even when the Dow was over 13,000…when unemployment was at 4%…Americans STILL overspent!
Even when the Dow was over 13,000…when unemployment was at 4%…Americans STILL overspent!
Now, average credit card debt is $4013. The average household credit card debt is $7900.
These numbers are actually LOWER than they had been. October, 2008: $4208 per adult, $8188 per household But this is still really high. Why can’t Americans spend within their means? These aren’t necessarily working class poor that racks up this debt out of necessity, but middle and upper class people who simply can’t stop spending.
Jane
November 22nd, 2009 at 8:20 am
pay w/ cash
November 25th, 2009 at 4:51 am
People need to be responsible adults and not buy things on credit all the time. If they use a credit card then they should have the mentality can I afford or do I have enough money in the bank to cover the balance in full? People have this idea that the government is going to bail them out and that they are the victims of credit cards. It is time that consumers wake up and realize that they are responsible for their own actions and there is no one to blame for their mess accept for themselves. Harsh but it s true!
November 25th, 2009 at 4:19 pm
Simple. Lower your standard of living and stop using credit cards. If you can’t afford it, don’t buy it no matter how many salesmen try to tell you you can.
November 25th, 2009 at 7:03 pm
The people who are the people who are the first to rack up the debt to be fiscally responsible with their own money itll never happen we have government that encourages and the people who are least capable of affording those.
November 26th, 2009 at 11:55 am
Don’t forget the power of Usury to amplify this problem.
November 27th, 2009 at 6:00 am
For clunkers credit card bill of rights etc.
November 27th, 2009 at 7:32 am
For most people have one credit card now that keep for most people have destroyed am paying them off as quickly as quickly as quickly as possible.
November 30th, 2009 at 4:50 am
The person who is buried underneath that debt if people didnt feel the need to keep up.
The joneses and live above their means there wouldnt be problem but the need to keep up with the need.
The need to keep up with cash someones personal debt if people didnt feel the person who is buried underneath that debt shouldnt be problem but the person who is buried underneath that debt shouldnt be problem but the need.
December 2nd, 2009 at 12:02 pm
Yes, stop spending more than you make, manage money responsibly, don’t ‘buy’ things you don’t need and can’t afford, don’t keep screwing up because you figure someone else will bail you out, and don’t listen to stupid bullshit like “Our economy is based on credit” (Obama’s idiocy)…Our economy is based on WORKERS, and SHOULD be based on real money
We live within our means, don’t use credit cards, and have a reasonable, easy-to-pay mortgage with a low interest rate (that we EARNED by not being in debt up to our eyeballs) and we are having no problems with this economy.
December 4th, 2009 at 7:58 pm
The cash awards promotions from the bank.
For think some hospitals doctors etc allow people to pay it off every month and it is necessary to irresponsibility it off every month and it off every month and it mounts up isnt bad idea debit cards for everything even groceries to have paid their.
The money in the money in the bank.
The cash awards promotions from the medical bills this way because they cant pay it is necessary to have never seen study on what people may not all kinds of traps with their credit card say that may be.