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Old 06-10-2019, 08:25 AM
 
17,249 posts, read 10,176,823 times
Reputation: 28762

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Yet another article that shows how clueless many are, and despite lessons from the past, many also continue to rack up debt in any way possible.

A ticking time bomb.

https://www.yahoo.com/finance/news/p...180504062.html

Quote:
As Americans face increasing amounts of debt, their ability to retire comfortably is coming more into question.

“Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the Move (video above). “That means if one check doesn’t show up, they don’t have enough to really make basic needs met month in and month out. So we need a wake-up call all the way around, and people need to engage in this and get more serious.”
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Old 06-10-2019, 08:35 AM
 
Location: NE Mississippi
13,637 posts, read 8,559,902 times
Reputation: 19845
I think I was born with the ability to handle money. Even when I made 5$ a week delivering papers in the 50's I had some left over every week.
But that doesn't mean it can't be learned. The problem really is, there are few examples to learn from. American society just doesn't work that way, and most people cannot simply shrug off the urge to 'buy it now' that eventually leads to near bankrupt status. Take a trip over to the 'employment' forum and see how many people simply want 'more', because they have 'worked so hard'.
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Old 06-10-2019, 10:22 AM
 
1,400 posts, read 812,101 times
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Don't matter how well you handle money, if you almost never get money to handle.

Prices stay goin' up on necessities like food, housing and, especially medical care...but salaries ain't gone up anywhere near as much... IN THE PAST 30 YEARS.
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Old 06-10-2019, 11:52 AM
Status: "that should be 'righties'" (set 25 days ago)
 
1,835 posts, read 1,093,762 times
Reputation: 1537
...i don't know, instead of teaching how to put a condom on or why it's okay to have three mom's or whatever...try teaching how to balance a checkbook...
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Old 06-10-2019, 12:05 PM
 
10,518 posts, read 2,687,692 times
Reputation: 7154
“Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the Move (video above). “That means if one check doesn’t show up, they don’t have enough to really make basic needs met month in and month out.





This is exactly the position, they want majority of US citizens to be in for their entire lives, its the best guarantee, they will remain obedient compliant subjects.
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Old 06-10-2019, 12:32 PM
 
1,400 posts, read 812,101 times
Reputation: 2155
Quote:
Originally Posted by rstevens62 View Post
“Our research has shown that 78% of people are living paycheck to paycheck,” financial expert Chris Hogan said on Yahoo Finance’s On the Move (video above). “That means if one check doesn’t show up, they don’t have enough to really make basic needs met month in and month out.





This is exactly the position, they want majority of US citizens to be in for their entire lives, its the best guarantee, they will remain obedient compliant subjects.
You're absolutely right.
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Old 06-10-2019, 12:37 PM
 
988 posts, read 167,160 times
Reputation: 562
Quote:
Originally Posted by Listener2307 View Post
I think I was born with the ability to handle money. Even when I made 5$ a week delivering papers in the 50's I had some left over every week.
But that doesn't mean it can't be learned. The problem really is, there are few examples to learn from. American society just doesn't work that way, and most people cannot simply shrug off the urge to 'buy it now' that eventually leads to near bankrupt status. Take a trip over to the 'employment' forum and see how many people simply want 'more', because they have 'worked so hard'.

Yes but a house was $0.25 in those days
Sorry I just had to do it.

I agree and also disagree is some ways. Yes some people spend more than they should now, have more "stuff". But I do acknowledge that life today requires more "stuff".

I have a cell phone that has to work everywhere (ATT or Verizon service $$$$ if rural areas are involved), internet at home, computer, car (expensive now a days plus insurance and gas) just to do most decent jobs these days. Don't get us started on Student loans, healthcare cost, on and on and on. There are so many drains attached to American's bank account before you ever spend a dime on food or clothing.

Last edited by Daryl_G; 06-10-2019 at 12:52 PM..
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