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Message
Debt delinquency on the rise
Posted on 5/8/24 at 7:32 am
Posted on 5/8/24 at 7:32 am
12
Posted on 5/8/24 at 7:36 am to Night Vision
That's impossible, Janet Yellen said people are doing great
Posted on 5/8/24 at 7:38 am to Night Vision
quote:
food for thought
Better make that air for thought. Food too damn expensive to waste on thoughts
Posted on 5/8/24 at 7:41 am to Night Vision
They can just forgive them like student loans,
right?
right?
Posted on 5/8/24 at 7:42 am to Night Vision
Savings have also dropped drastically.
Americans' savings are dwindling, new poll shows
Oh and Trump's tax breaks are ending so people will have less take home on their checks
People are out of savings and out of room on their credit cards so now what will they do?
Americans' savings are dwindling, new poll shows
Oh and Trump's tax breaks are ending so people will have less take home on their checks
People are out of savings and out of room on their credit cards so now what will they do?
Posted on 5/8/24 at 7:49 am to Night Vision
All except student loans. Imagine how bad those would be without the forgiveness
Posted on 5/8/24 at 8:22 am to Night Vision
Equity keeps rising
The banks are gonna force ppl out of those 2% mortgages
The banks are gonna force ppl out of those 2% mortgages
Posted on 5/8/24 at 8:34 am to Night Vision
Clearly, those that are defaulting on credit cards and auto loans are not using the money they are no longer paying due to student loan reassignment on those loans.
Posted on 5/8/24 at 9:03 am to Night Vision
What is the best YouTube series for Automobile Repossessions (aka: "The Repo Man")?
Lately, I've noticed an uptick in the sightings of what appears to be small flatbed transports with fairly new vehicles onboard.
Lately, I've noticed an uptick in the sightings of what appears to be small flatbed transports with fairly new vehicles onboard.
Posted on 5/8/24 at 10:38 am to Night Vision
Especially in Washington DC
Posted on 5/8/24 at 10:55 am to Night Vision
We need to quit thinking of rising debt delinquencies as some tragic event in lives of street level Americans, we need to think of debt delinquencies as pruning the dead branches from the money tree.
Signed,
The Upper Crust .1% who use these delinquencies to consolidate wealth.
Signed,
The Upper Crust .1% who use these delinquencies to consolidate wealth.
Posted on 5/8/24 at 11:19 am to Night Vision
This a two part issue IMO. Inflation definitely is kicking families right in the arse and causing more financial woes than the government is leading on. Those costs have been soaring for some time. I can’t blame a man or woman for having to resort to credit card debt to feed their family. On the other hand you have people who are still addicted to spending money they can’t afford. When they don’t have the cash to cover their bills after spending all week on Amazon and eating out every night, they just put it on credit, which exacerbates their financial issues. They have no discipline when it comes to money. Watch how many 401ks will be withdrawn with penalty over the next couple years.
Posted on 5/8/24 at 2:07 pm to Night Vision
Last year I made some posts on MT about how this was going to be the first stages: credit cards and car loans rising in delinquencies then defaults. Unless the economy has balanced out in time, bankruptcies and home mortgages would be following somewhere behind that.
You can't borrow your way out of debt.
You can't borrow your way out of debt.
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