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People lived long lives before health insurance even existed, and do so today as well.
The sky is not falling, but healthcare costs are a problem, and it's not due to ACA. Back in the time you were referencing, healthcare debt was not a prevalent cause for bankruptcy, today it is. The problem with healthcare is the problem with most things in our country. Big business is allowed to buy influence. It's a problem that equally affects both sides (if I'm being honest).
You can't fix healthcare, gun violence, the environment or much else until special interest money is taken out of our politics.
Your statement is actually very correct, but it misses the point, and is therefore misleading.
As for FICO, I've already addressed that. It, in isolation, says nothing difinitive about our economy.)
The sky is not falling, but healthcare costs are a problem, and it's not due to ACA. Back in the time you were referencing, healthcare debt was not a prevalent cause for bankruptcy, today it is. The problem with healthcare is the problem with most things in our country. Big business is allowed to buy influence. It's a problem that equally affects both sides (if I'm being honest).
You can't fix healthcare, gun violence, the environment or much else until special interest money is taken out of our politics.
Your statement is actually very correct, but it misses the point, and is therefore misleading.
As for FICO, I've already addressed that. It, in isolation, says nothing difinitive about our economy.)
My ultimate point was that that person's post was hyperbolic.
I was hearing the world's saddest song being played on the world's smallest violin in the background as I was reading that person's post .
Americans’ average FICO score has hit an all-time high of 706 on the personal credit rating scale. This is another metric whereby the strength of the US economy may be gauged. It shows that, in larger number than ever before, Americans are able to make money, pay their bills and borrow money when they need to.
Every major downturn see's a huge push before hitting a cliff. This is common knowledge in the economic world.
If you can read between the lines you would know Trump asking for zero interest rates and QE is a HUGE indicator. The tariffs he's pushing and waffling on will speed up this downturn.
And remind yourself we're not just at the end of an economic cycle we're in a CAMPAIGN CYCLE.
People are more aware of their FICO score now, thanks to frequent advertisements. This tends to drive people to improve them. You can thank television for the improvement, in addition to a lengthy recovery. Hopefully the improved credit scores will help people ride out a potential downturn.
You want people to think the some are saying economy is poor and in trouble, so you set up this 'straw man' argument. People knew the economy was strong before 2016, when Trump was lying about it. It is stronger still at the moment.
What IS being said is that signs are pointing toward a not too distant future downturn, the economy is slowing down around the world and economic indicators suggest that it will happen here. This is in keeping with what most analysts understand about economic cycles.
Post and thread fail.
Obama didn't know the economy was strong back then.
in fact Obama said Trump was lying about being able to fix the economy.
What the deal? you think you can just say stuff and no one remembers what happened?
the economy before Trump was crap and everyone knows it. heck even Obama ADMITTED as much!
I heard that Dems were going to ban credit scores due to racism. Whites only have better credit due to privilege and Experian is a white nationalist organization.
Americans’ average FICO score has hit an all-time high of 706 on the personal credit rating scale. This is another metric whereby the strength of the US economy may be gauged. It shows that, in larger number than ever before, Americans are able to make money, pay their bills and borrow money when they need to.
Most of us only care about FICO scores because its relevant to getting a mortgage, outside of that most ignore the number unless your career is in finance. If your buying cash or own a business and can use a P&L statement or other financial disclosure the FICO means nothing.
That is absolutely false reasoning. FICO is a measurement of one's ability to manage credit. EVERYONE deals with financial institutions on a daily basis. If a person can't manage credit and spends money above their means they won't be able to buy a car, furniture, a home, or start a business, off the top of my head. In some cases, they won't even be able to have utilities turned on.
That is absolutely false reasoning. FICO is a measurement of one's ability to manage credit. EVERYONE deals with financial institutions on a daily basis. If a person can't manage credit and spends money above their means they won't be able to buy a car, furniture, a home, or start a business, off the top of my head. In some cases, they won't even be able to have utilities turned on.
Correct. Sadly, most people have NO clue how extensively their credit history is researched by prospective employers, insurers, lessors (landlords), etc., etc., and that decisions are made based on that credit history info. It's called "adulting" 101.
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