When they are so in debt then they should not complain



Leo Sun The Motley Fool
Published 11:10 AM EST Nov 20, 2017
The average American household carries $137,063 in debt, according to the Federal Reserve's latest numbers.

Yet the U.S. Census Bureau reports that the median household income was just $59,039 last year, suggesting that many Americans are living beyond their means.

Here's how much debt the average U.S. household owes in credit cards, auto loans, student loans, and mortgages.

Those numbers are unlikely to shrink anytime soon, according to NerdWallet. That's because the cost of living in the U.S. rose 30% over the past 13 years, yet household incomes only grew 28%. As a result, more Americans are using credit cards to cover basic needs like food and clothing.

Medical expenses have grown 57% since 2003, while food and housing costs climbed 36% and 32%, respectively. Those surging basic expenses could widen the inequality gap in America, as a quarter of Americans make less than $10 per hour.

On the bright side, education costs rose 26% during that period, and growth in student loan balances has slowed, so the picture could be improving for financially disciplined Millennials.


What happens when you consistently live paycheck-to-paycheck?

You go into serious debt if income stops coming in, and then you pay high interest on that debt
You are always stressed out about financial risk and hardship
You aren’t able to build sufficient emergency savings
You will never save anything for retirement and will be working until death
You will never achieve financial independence
You will not be able to save up for an occasional vacation, home improvement, education, etc.
You really can’t work towards ANY future goals that are reliant on saved assets

https://www.businessinsider.com/gove...19-1?r=US&IR=T

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The following 3 users would like to thank Omtatsat for this useful post:

President Donald Trump, Boris Johnson, Kim Jong-un

Its basically sad when so many have to buy basic necessities on credit. And 26% in education is the bright side? God forbid if one should get sick!
Problem is, Falling into debt in the USA is simply too easy. Many simply earn too little to save and what does get saved, gets eaten in many unforeseen ways.

Here's Trump trying to contain the fallout from the Shutdown

https://www.youtube.com/watch?v=nemYBeT4aQY

I see the rumours that Trump is secretly working for the Russians are still dogging the Trump administration.

BBC News - NY Times say the FBI investigated claims Trump is working for Russia

Trump - The Americans parody

How can the average person not be in debt when incomes are increasing at a slower rate than the cost of living. I think you've debunked your own point with your post.

That post is only taking into account people with incomes, what about the people who lose a job or aren't well paid - their cost of living is increasing too.

The notion of yours that people in debt are of less societal worth than you, who presumably is not (although there's a good chance you'll have a mortgage at some point) currently in debt is beyond entitled.

Four tweet rant by Trump early this morning about this; the guy is far too thin skinned to do a good job as President.

Despite Trump claiming that government workers support him, federal employee unions are suing the Govt. over the shutdown including;
the National Federation of Federal Employees,
the National Treasury Employees Union,
the American Federation of Government Employees,
the National Association of Government Employees SEIU,
the National Weather Service Employees Organization,
the National Air Traffic Controllers Association ;
plus the law firm Snider & Associates on behalf of federal workers.

Today
Meanwhile in the real world
Source

"A CNN spokesperson pushed back on KUSI’s claim on Friday, calling it a “non story” since the network didn’t end up interviewing reports from the area. “This happens many times every single day,” the network said in a statement, adding that plans for segments frequently change."

Incredible how often Trump reacts to news stories without carrying out any basic checks; this is the guy who owns the worlds largest intelligence agencies

Yeah, but to do that you need to be intelligent yourself - and Trump obviously isn't.

What I do not understand (amongst many other things I do not understand) is why Trump for some weeks keeps tweeting he is alone in the White House waiting for the Dems to visit and solve his border problem.

I know I am biased but how does this approach support Trump's brand that he is a strong leader; it jibes with the perception he promotes of his public persona?
Maybe I am missing something?

Of course you can become president of a big country when you are not intelligent My advice: try to be not too biased because of his personality before making such a statement.

Facts do speak much louder than prejudice indeed - and are clear for all to see

Ok. Prove your statement and explain us all why he is not intelligent.

You are actually still able to clearly see what is fact?



I envy you.

It is not about how intelligent the candidate is; more about how intelligent are the voters

He has occasionally given good advice in the past bravo:

https://youtu.be/ADzobhJVtnw

Even a broken clock is correct twice a day

Lets see what the people with first hand experience have said about him on that subject.

1. Rex Tillerson,Secretary of State "a ****ing moron" Pentagon meeting
2. Gary Cohen, Economic advisor "dumb as shit" Email circulating within the White House
3. H R McMaster, National security advisor "a dope" Private dinner
4. Tom Barrack Friend and supporter "not only crazy, […] stupid" Conversation with friend
5. Gary Cohen, Economic advisor "an idiot surrounded by clowns" Email circulating within the White House
6. H R McMaster National security advisor “An idiot [with the intelligence of] a kindergartener” Private dinner
7. John Kelly, Chief of staff "an idiot" Conversation with Trump
8. Sam Nunberg, Adviser "he’s an idiot" Live TV
9. Sam Nunberg, Adviser "this idiot" Campaign conversation
10. Steve Mnuchin, Secretary of Treasury "an idiot"
11. Reince Preibus, Chief of staff "an idiot"

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Yes that's exactly right, the first rule is "Tell absolutely EVERYBODY about sarcasm club."

If you google the word "idiot" and click on "images" you see many photos of Trump; he is the top result on google. Probably means nothing!

If there were 4'th world countries then for sure the USA would be in it!

And now isolated with Jane


https://www.youtube.com/watch?v=ISPt76QiAAA