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Message

Debt delinquency on the rise

Posted on 5/8/24 at 7:32 am
Posted by Night Vision
Member since Feb 2018
4794 posts
Posted on 5/8/24 at 7:32 am
Posted by The Pirate King
Pangu
Member since May 2014
57741 posts
Posted on 5/8/24 at 7:36 am to
That's impossible, Janet Yellen said people are doing great
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68358 posts
Posted on 5/8/24 at 7:38 am to
quote:

food for thought


Better make that air for thought. Food too damn expensive to waste on thoughts
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68122 posts
Posted on 5/8/24 at 7:41 am to

They can just forgive them like student loans,

right?

right?
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167448 posts
Posted on 5/8/24 at 7:42 am to
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?
Posted by ronricks
Member since Mar 2021
7093 posts
Posted on 5/8/24 at 7:45 am to
quote:

Trump's tax breaks are ending




Yes, on December 31, 2025

Not anytime soon. If you can't prepare for something that is 19 months away you are a failure at life.
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99030 posts
Posted on 5/8/24 at 7:49 am to
All except student loans. Imagine how bad those would be without the forgiveness
Posted by Padme
Member since Dec 2020
6207 posts
Posted on 5/8/24 at 7:51 am to
Posted by Diamondawg
Mississippi
Member since Oct 2006
32324 posts
Posted on 5/8/24 at 8:04 am to
quote:

If you can't prepare for something that is 19 months away you are a failure at life.
Third job, maybe 4th?
Posted by ronricks
Member since Mar 2021
7093 posts
Posted on 5/8/24 at 8:11 am to
quote:

Third job, maybe 4th?


If I know my tax liability is going to go up say $4,000 on Jan 1st 2026 and it is May of 2024 what would any sane rational person start doing to prepare for that? I can assure you whining and crying on a message forum isn't the answer. I know most of you want the 'government' to take care of you and 'help' you but thats not how you build wealth or become wealthy. No Presidential administration has control over my financial choices, decisions, success, or even failures. That's 100% on me personally.
Posted by Smeg
Member since Aug 2018
9370 posts
Posted on 5/8/24 at 8:15 am to
quote:



This guy thinks increased taxes are funny.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30567 posts
Posted on 5/8/24 at 8:16 am to
quote:

This guy thinks increased taxes are funny.


he's far left. Likely doesnt pay any
This post was edited on 5/8/24 at 8:16 am
Posted by Smeg
Member since Aug 2018
9370 posts
Posted on 5/8/24 at 8:16 am to
quote:

No Presidential administration has control over my financial choices, decisions, success, or even failures. That's 100% on me personally.

Well shite, why not just raise your tax liability to 90%? That's no reason to complain, right?
Posted by ronricks
Member since Mar 2021
7093 posts
Posted on 5/8/24 at 8:17 am to
quote:

This guy thinks increased taxes are funny.


He's trying to fear monger about something that is 19 months away. Think about that. You can whine and cry on the internet or start to prepare.
Posted by CleverUserName
Member since Oct 2016
12672 posts
Posted on 5/8/24 at 8:18 am to
quote:

If I know my tax liability is going to go up say $4,000 on Jan 1st 2026 and it is May of 2024 what would any sane rational person start doing to prepare for that?


Oh helll. I dunno.. maybe vote for the person who is the reason the tax cut is in place?? And against the dipshit who lied and said no one under 400k would see an increase in taxes?


Maybe a start. Agreed?
Posted by Diamondawg
Mississippi
Member since Oct 2006
32324 posts
Posted on 5/8/24 at 8:20 am to
quote:

I know most of you want the 'government' to take care of you
I'm fine. Debt free and all the increase is going to do to me is spend more of the kids' inheritance. Not talking about me. Talking about the people mentioned in the thread that have maxxed out their credit cards, delinquent on their loans and can't get from pay check to pay check without missing a few meals. How do they prepare? Third job; 4th?
Posted by Diamondawg
Mississippi
Member since Oct 2006
32324 posts
Posted on 5/8/24 at 8:20 am to
quote:

I know most of you want the 'government' to take care of you
I'm fine. Debt free and all the increase is going to do to me is spend more of the kids' inheritance. Not talking about me. Talking about the people mentioned in the thread that have maxxed out their credit cards, delinquent on their loans and can't get from pay check to pay check without missing a few meals. How do they prepare? Third job; 4th?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74054 posts
Posted on 5/8/24 at 8:22 am to
Equity keeps rising

The banks are gonna force ppl out of those 2% mortgages
Posted by ronricks
Member since Mar 2021
7093 posts
Posted on 5/8/24 at 8:23 am to
quote:

Well shite, why not just raise your tax liability to 90%?


I've been working in corporate America since the W Bush administration. No President is responsible for my financial successes or failures. That's 100% on me. You can't have filet mignon all the time sometimes you have to adapt or pivot and have hamburger steak or on occasion a shite sandwich. Wanting the government to take care of you and provide is a liberal democratic ideal not a conservative republican one. You realize that don't you?
Posted by ronricks
Member since Mar 2021
7093 posts
Posted on 5/8/24 at 8:25 am to
quote:

Equity keeps rising


In the real world there is really no such thing as 'equity'. Equity guarantees equal results which isn't reality.

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