Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Those who make 100K may have high student loan in 6 figures,think law school and MBA programs.
Those who make $25,000 may have similar debt, too.
42% of those who graduate do so with no student debt.
The average debt for those who financed some/ all is about $32,000.
Of those who incurred debt a meaningful percentage use borrowed money for non- education related expenses.
According to this, 54% never bothered to calculate monthly payments when they took out loans.
According to some surveys/ polls, 25% of college students intend to travel for spring break. Miami, Myrtle Beach, Cancun, So Padre, Cabo and Playa del Carmine are among the most popular destinations for college students. Inflation does not seem to put a dent in it.
Reportedly, about 37% of people pay their credit card balances in full. I am one of them. If I can charge , without incurring an incremental service fee, I do. This includes $1 Coke at Mc Donald’s drive thru to new windows for my home. I always ask if there is a discount for cash/ check on big purchases. Far and few between.
Location: In the middle of nowhere... and enjoying it
2,029 posts, read 882,000 times
Reputation: 1854
Quote:
Originally Posted by LINative
The first thing you have to do is pay yourself first.
Agree 100%
Quote:
Originally Posted by LINative
There is literally no reason why someone making 100k a year has no savings, that is an incredibly bad and wasteful use of your money. The only rare exception might be someone really maxed to the hilt; 6 kids, owes huge amount of money to a mortgage and other loans, college expenses, lives in a high tax state, huge medical bills, etc. Even then you need to create a budget.
Depends on where you live, however too many people live beyond their means. Big house, newer car, too many toys.
I've had the opposite experience. Being able to buy everything that I need and just about all that I want has been wonderful and created way fewer problems for me
100% correct, and may I add corporate taxes too....all passed along to the consumer, corps NEVER wind up paying those added costs either. How do I know? I've owned a corp. for 20+ years.
The fake news constantly brainwashes Americans to the contrary though, so I'm constantly having to re-educate posters here, & some just cannot be, or will not be, de-programmed, so fake news wins.
If we ceased all corp taxes today, prices would start to come down by ~18%...which is the estimated amount of embedded corp taxes. That could help to reverse this inflation, but you'll never hear that solutions uttered by the top 1%, & their fake news stooges.
The study lists two groups in the "$100,000 paycheck to paycheck" group... people who are comfortably paying their bills, and those who are struggling (which amounts to about 11% of the $100,000 group). All of them also have about $11,000-$12,000 in savings, and nearly all would be able to pay for an emergency with cash. The determination of "paycheck to paycheck" is up to the respondent, as they are self-reporting. I think their idea of paycheck to paycheck living is a bit different than mine.
Yep, similar to the article I posted in post #152 which the OP claimed was different than now. More hogwash by the new zealots, which I put in the same category as the vaccine people. The OP's article states nothing new as much as he wants to claim it does.
Anyone else find it puzzling how big corporations are enjoying record profits? Any story on inflation that doesn't mention this is not telling you the full truth.
Container shipping company profits during the first 9 months of 2021 = $80 billion. All of 2010-2020 was $38 billion.
"Man, those supply-chain problems and inflation is just killing us"
The company that makes Jeep and Ram trucks sold 3% more makes vehicles, profits up more than 100% because they raised the price of cars.
Colgate-Palmolive: "we are forced to raise prices" while they increased stock buy-backs for investors and execs by 50% last year to over $1 billion, revenue at record highs and their CEO makes $14.4 million per year.
Kroger profits are at record highs. it's stock is up 36%. CEO got 45% raise to $22 million. Many of Krogers workers can't pay their bills and are on food stamps.
I can go on and on. Look at any nearly big corporation and it's the same story.
Why are groceries so expensive? Corporate greed, that's why.
No shortage of people buy and finance stupid stuff.
Just because one can make the monthly payment, does not mean one can afford it.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
