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Old Yesterday, 12:40 PM
 
Location: Kentucky
564 posts, read 321,246 times
Reputation: 2286

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Well, obviously someone else is picking up my debt slack. I've been debt-free for years.
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Old Yesterday, 12:41 PM
 
Location: DFW - Coppell / Las Colinas
32,209 posts, read 36,825,459 times
Reputation: 38935
No but they can get $2000 tatoos and $1000 Iphones while they go skiing every winter, and put their brats in the best private schools while they max out their credit cards and live in Mini mansions.

Their middle class used to be described as the upper class lifestyle.
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Old Yesterday, 12:41 PM
 
27,230 posts, read 19,230,949 times
Reputation: 14533
Quote:
Originally Posted by Finn_Jarber View Post
Thanks Trump.....

incomes have been largely stagnant for two decades, despite a recent uptick
Quote:
Originally Posted by Mathguy View Post
You created a thread to attack Trump and then wrote THAT?
lmao.
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Old Yesterday, 12:43 PM
 
5,537 posts, read 2,395,579 times
Reputation: 15296
Quote:
Originally Posted by WiseManOnceSaid View Post
There's a solution to this. Stop buying things you can't afford and start paying cash for things you can afford. You then, in turn, will be out of debt....
+1.


Using a president (any president) because you can't manage money is sheer insanity.
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Old Yesterday, 12:43 PM
 
Location: Suburb of Chicago
21,164 posts, read 10,196,462 times
Reputation: 20436
Quote:
Originally Posted by Finn_Jarber
Thanks Trump.....

.... incomes have been largely stagnant for two decades, despite a recent uptick.
Quote:
Originally Posted by Mathguy View Post
You created a thread to attack Trump and then wrote THAT?
Nice catch, Math and ReadingComprehensionGuy.
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Old Yesterday, 12:43 PM
 
23,469 posts, read 12,423,721 times
Reputation: 7453
Quote:
Originally Posted by Daryl_G View Post
Want to see a huge adjustment in the Stock Market, job market, and GDP?
Want to see American trigger their own mini recession?
Just tell Americans to spend what they can afford, that's it.


Out Stock Market, Housing Market, consumer market, are all modeled around Americans going into debt and staying in debt. I guarantee that our own Government would BEG Americans to go back into debt to turn around the economy. I still remember George W. telling America that the best way to support the Troops is to shop. Not military signups or volunteering with families, no SHOP.
Exactly the whole premise of lowering the rate is to get folks to borrow money -- yeah yeah mainly corporations...but what happens when the fed rate goes down -- so do consumer loans and people use that money to finance everything from theaters in their basements to fancy new cars, to trips to Hawaii........

or just let it slip through their fingers on dinners, wine, purses, shoes, lol.
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Old Yesterday, 12:43 PM
 
Location: Florida/Tennessee
2,604 posts, read 4,351,643 times
Reputation: 1438
It's called "consumer confidence".
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Old Yesterday, 12:46 PM
 
3,043 posts, read 1,231,956 times
Reputation: 1963
Quote:
Originally Posted by Finn_Jarber View Post
Thanks Trump.....

Families go deep into debt to stay in the middle class

https://www.msn.com/en-us/money/mark...ass/ar-AAFbEHE

The American middle class is falling deeper into debt to maintain a middle-class lifestyle

Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades, despite a recent uptick. Filling the gap between earning and spending is an explosion of finance into nearly every corner of the consumer economy.

Consumer debt, not counting mortgages, has climbed to $4 trillion—higher than it has ever been even after adjusting for inflation.
They are not going into debt to stay in the middle class. They (I should include myself) are going into debt to get things they think are necessary for a middle class lifestyle.
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Old Yesterday, 12:46 PM
 
Location: Florida
63,371 posts, read 34,537,694 times
Reputation: 10565
Quote:
Originally Posted by Mathguy View Post
You created a thread to attack Trump and then wrote THAT?
It will probably dawn to you if you read the whole sentence and think about it.

"Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades"

Same income coupled with higher cost of living (boosted by the trade wars).

Get it now?
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Old Yesterday, 12:50 PM
 
27,230 posts, read 19,230,949 times
Reputation: 14533
Quote:
Originally Posted by Finn_Jarber View Post
It will probably dawn to you if you read the whole sentence and think about it.

"Cars, college, houses and medical care have become steadily more costly, but incomes have been largely stagnant for two decades"

Same income coupled with higher cost of living (boosted by the trade wars).

Get it now?
nothing in the article about higher cost of living boosted by trade wars.

try again?
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