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Old Yesterday, 02:41 PM
 
Location: Watervliet, NY
4,318 posts, read 1,601,713 times
Reputation: 7893

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Quote:
Originally Posted by Finn_Jarber View Post

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

Cars,

Consumer debt,
Get rid of the Internet, smartphones, iPads, streaming services and cable, and only buy cars you can afford by paying cash. That would be a start.
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Old Yesterday, 02:50 PM
 
Location: DFW - Coppell / Las Colinas
32,209 posts, read 36,825,459 times
Reputation: 38935
You mean the same dumbazzes who went deep in debt for a useless degree in Gender Studies is now going farther in debt because they think they deserve to drive a Lexus and live in a big house ?

Don't blame that one on Trump. Someone raised spoiled sheltered kids.

Stanley Johnson must have raised his kids to be just like him.


https://www.youtube.com/watch?v=r0HX4a5P8eE
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Old Yesterday, 02:52 PM
 
270 posts, read 43,820 times
Reputation: 331
Quote:
Originally Posted by PilgrimsProgress View Post
Why are stupid people trying to 'keep up with the Joneses?'
Facebook is making it even worse. People only post good things like vacation picks and new cars that make it seem like everyone else is doing far better than you.
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Old Yesterday, 03:09 PM
 
27,230 posts, read 19,230,949 times
Reputation: 14533
Quote:
Originally Posted by Annandale_Man View Post
Facebook is making it even worse. People only post good things like vacation picks and new cars that make it seem like everyone else is doing far better than you.
that's probably true. people tend to present a very skewed picture of their lives on facebook.
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Old Yesterday, 03:17 PM
 
1,493 posts, read 1,833,840 times
Reputation: 985
Quote:
Originally Posted by Mathguy View Post
You created a thread to attack Trump and then wrote THAT?
Well let's not forget that Trump is the self-proclaimed "King of Debt"- he's not exactly discouraging American's from spending beyond their means, what with his golden toilets and his $130k hush money payouts to high priced hookers. He even has his own brand of everything to offer up to our most impoverished citizens, whose only salvation is the sad fact that they might sport a Trump logo on their steak or their golf shirt.

We are talking about a person who championed $1.5 trillion in tax cuts, only to raise spending by $320 billion, when we are already running on $1.0 trillion+ deficits.

What I found most interesting in the article was the differential in growth between costs and incomes. All adjusted for inflation, from 1998-2017, education costs up 311%, housing 290%, health care 51%, income 14%. Doesn't anyone else see a problem with that?
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Old Yesterday, 03:24 PM
 
Location: Florida
5,993 posts, read 2,784,277 times
Reputation: 7245
Quote:
Originally Posted by ContraPagan View Post
Get rid of the Internet, smartphones, iPads, streaming services and cable, and only buy cars you can afford by paying cash. That would be a start.
Honestly it all depends on your priorities, I would rather have all of the things you mentioned to get rid of first than to have a car.
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Old Yesterday, 03:27 PM
 
Location: Seattle
919 posts, read 338,862 times
Reputation: 992
Quote:
Originally Posted by Annandale_Man View Post
Facebook is making it even worse. People only post good things like vacation picks and new cars that make it seem like everyone else is doing far better than you.

Absolutely! Hey I grew up in Annandale as a kid. Wonder if Strathmeade Square is still around? Bet it is! Cheers..
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Old Yesterday, 03:30 PM
 
4,900 posts, read 2,371,780 times
Reputation: 5762
Well Finn - my husband and I wouldn't be struggling if we had our old insurance - unfortunately your hero decided that we could afford to not only pay more for our insurance - but pay more each month for services we'll never use, as well as pay increased co-pays, deductibles, and out of pocket expenses.
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Old Yesterday, 03:30 PM
 
10,751 posts, read 10,926,187 times
Reputation: 5307
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....
Let me know when Trump and the GOP start doing that. Trillion dollar annual deficits under the current spender in Chief
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Old Yesterday, 03:42 PM
 
1,091 posts, read 189,268 times
Reputation: 635
Quote:
Originally Posted by Finn_Jarber View Post
I can't imagine anyone paying $1300, unless they bought a Porche. I still drive my 2002 Acura, which I paid for in cash when I bought it used in 2005.
Here in Florida we have commercials all the time to lease a Cadillac Escalade for $899.00 a month for 24 months with a 2000 dollar deposit. With the price of trucks, big SUVs and luxury cars, I can see a payment above $1000.00 dollars.

American car companies better hope gas prices stay low forever because these huge SUVs will be hard to move with gas above $3.00 a gallon.
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