- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Americans' household debt hits new record high
Posted on 11/6/25 at 12:11 pm to RLDSC FAN
Posted on 11/6/25 at 12:11 pm to RLDSC FAN
Zero debt.
Vehicles are paid. House is paid. CC balances are paid in full every month.
Some advice passed down from survivors of the Great Depression: keep enough household cash to pay property taxes for a couple years.
Vehicles are paid. House is paid. CC balances are paid in full every month.
Some advice passed down from survivors of the Great Depression: keep enough household cash to pay property taxes for a couple years.
This post was edited on 11/6/25 at 12:14 pm
2
Posted on 11/6/25 at 12:13 pm to lepdagod
quote:
frick your race-card playing arse… you a clown
Didn't even realize it was your stupid arse I was replying too
Even bigger dumbass
Posted on 11/6/25 at 12:14 pm to RLDSC FAN
My debt currently is approx $700k.
I still owe on two homes.
I still owe on two homes.
Posted on 11/6/25 at 12:15 pm to BlackPawnMartyr
quote:
Don't cheapin on the pitching coach it will cost more later on.
Also better to pre-pay for the TJ surgeries
Posted on 11/6/25 at 12:16 pm to Violent Hip Swivel
quote:
The old adage was to never spend more than 30 percent of your take home pay on housing. That got blown out of the water.
That "adage" was made up by creditors to get people to take out 30 year loans and pay three times the cost of a house in interest.
The real adage is don't buy what you can't afford, which doesn't even register anymore because the government will not let anyone fail.
Posted on 11/6/25 at 12:17 pm to Shexter
quote:
The result of 30%+ price gouging without wages increasing
Exactly what items fall under this price gauging thing?
Better yet define, without ambiguity, what price gouging is.
This post was edited on 11/6/25 at 12:19 pm
Posted on 11/6/25 at 12:25 pm to RLDSC FAN
Not me. People are stupid
Posted on 11/6/25 at 12:43 pm to forkedintheroad
quote:
The real adage is don't buy what you can't afford, which doesn't even register anymore because the government will not let anyone fail.
How would you suggest renters approach the situation, from a "what they can afford" standpoint?
Posted on 11/6/25 at 12:54 pm to TheHarahanian
quote:
Zero debt.
Vehicles are paid. House is paid. CC balances are paid in full every month.
Same here
Rent now, gonna probably buy a house in the next 1-2 years so that will change in a hurry
This post was edited on 11/6/25 at 12:55 pm
Posted on 11/6/25 at 12:57 pm to RLDSC FAN
That is $72, 093 in debt per capita for all people in the US over the age of 18.
Posted on 11/6/25 at 12:59 pm to HubbaBubba
Bankruptcy lawyers gonna front row.
This post was edited on 11/6/25 at 1:00 pm
Posted on 11/6/25 at 12:59 pm to RLDSC FAN
Gross household net worth is also at record highs.
Posted on 11/6/25 at 1:16 pm to Shexter
quote:
credit card balances increased by $24 billion to $1.23 trillion in the third quarter of this year In one quarter? Dayum 1.23 trillion divided by 24 billion is 51 times!
No it's not its 5166 times.
The debt increased from
1.206 trillion
to
1.230 trillion
Posted on 11/6/25 at 1:19 pm to RLDSC FAN
About $350 on my credit card which gets paid off every month.
Other than that, $0.00.
I'm in the same boat as the poster who claimed to be a creditor, not a debtor. At this point in my life I loan money out and buy equities.
Other than that, $0.00.
I'm in the same boat as the poster who claimed to be a creditor, not a debtor. At this point in my life I loan money out and buy equities.
Posted on 11/6/25 at 1:21 pm to GBPackTigers
quote:
Imagine voting for economically illiterate democrats
Imagine voting for Republicans thinking that they're any more economically literate than Democrats.
Posted on 11/6/25 at 1:21 pm to RLDSC FAN
What do you expect?? you live in a time when you can finance your McDonalds meal on Affirm with “4 easy payments.”
Posted on 11/6/25 at 1:23 pm to RLDSC FAN
$1.4 between 2 mortgages
Posted on 11/6/25 at 1:25 pm to TideCPA
quote:
This data is meaningless unless adjusted for inflation and population. Even with no changes in borrowing habits, debt levels will inevitably set records every year on a nominal basis, all else being equal.
This.
It's an attention grabbing headline but credit card/household debt will generally ALWAYS be hitting new record highs. In reality household debt going down likely means we're in really really bad shape economically.
It was a VERY common refrain on this board that bad economic times were coming in 2021 and 2022 when credit card debt was approaching a new record. The record level it was approaching was what it was in q4 2019...
This post was edited on 11/6/25 at 1:35 pm
Posted on 11/6/25 at 1:31 pm to RLDSC FAN
$269k mortgage and a $6k unsecure loan. No car notes nor credit card debt. Also have some rental properties but those pay for themselves with renters and I've never had to pay a single month of the mortgage, so i don't count it. Renters even paid during Covid, luckily.
Posted on 11/6/25 at 1:44 pm to RLDSC FAN
We were both raised by parents who started out poor and taught us to avoid debt and pay as you go. In the 39th year of our marriage, we own our home & vehicles and pay off the credit card every month, so no debt.
However, I understand the difficulties younger people face. We bought our house at the bottom of the market, vehicle prices exploded after we bought our current vehicles, and it was a lot easier to pay for college out of pocket in the seventies. It’s a different world than when I grew up.
However, I understand the difficulties younger people face. We bought our house at the bottom of the market, vehicle prices exploded after we bought our current vehicles, and it was a lot easier to pay for college out of pocket in the seventies. It’s a different world than when I grew up.
Page 3 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News