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re: Americans' household debt hits new record high

Posted on 11/6/25 at 5:52 pm to
Posted by Breesus
Unplug
Member since Jan 2010
69549 posts
Posted on 11/6/25 at 5:52 pm to
quote:

i really hate the second gilded age


What percentage of your upvotes do you think know what this means?

How much of this is due to boomers hoarding their money and retiring in their 60s.

If that greedy generation would pass on their wealth and work themselves into the grave the rest of us could live like kings.
This post was edited on 11/6/25 at 5:54 pm
Posted by dawginar
Member since Jan 2012
1155 posts
Posted on 11/6/25 at 5:55 pm to
quote:

when Jaxtyn gets that baseball deal


He probably won't even remember you at that time.

If he does the schools will have him so fricked up he won't want anything to do with you.
Posted by L.A.
The Mojave Desert
Member since Aug 2003
65440 posts
Posted on 11/6/25 at 6:00 pm to
No debt of any kind since 2012 when we paid off our mortgage, We have no auto loans, nada. We use our credit cards but pay off the balance each month. I hate debt..



`
This post was edited on 11/6/25 at 6:25 pm
Posted by SlickRick55
Member since May 2016
2724 posts
Posted on 11/6/25 at 6:36 pm to
quote:

This. This. This. This. There is nothing more frustrating than people complaining "I'm so poor, I can't pay for xxxxxx" and they have the new iphone and new iwatch.


Restaurants stayed packed. DisneyWorld stayed packed. Benny’s car wash stayed packed. People still bought brand new 70-80k trucks. The list goes on…
Posted by WM88
West Monroe
Member since Aug 2004
1977 posts
Posted on 11/6/25 at 6:45 pm to
Zero.

I live simplistic.
Everything is paid for but you folks wouldn't likely live in my house or drive my sled. It's beneath you bawlers.
Posted by WM88
West Monroe
Member since Aug 2004
1977 posts
Posted on 11/6/25 at 6:48 pm to
quote:

In one quarter? Dayum

1.23 trillion divided by 24 billion is 51 times!


Hope you aren't a math teacher. Divide the other way.

1 trillion is 1000 billions.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14477 posts
Posted on 11/6/25 at 7:11 pm to
My net worth really began to take off once I realized debt isn’t a bad thing.
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