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re: Experian: Millennials have horrible credit

Posted on 5/1/19 at 5:49 pm to
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55838 posts
Posted on 5/1/19 at 5:49 pm to
quote:

Seriously? Is that why the majority of ALL adults can not afford an unexpected $500 bill?
the vast majority of boomers have less than 10k saved for retirement. A truly pathetic generation.
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120386 posts
Posted on 5/1/19 at 5:49 pm to
quote:

Probably because they try to pay for everything with credit.


I pay for everything with credit card, you are dumb not to, they give you free money for using the card.

But i pay my balance every month like a great American
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69353 posts
Posted on 5/1/19 at 5:50 pm to
There was no credit card debt in the 80s and 90s. People saved
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54792 posts
Posted on 5/1/19 at 5:51 pm to
quote:

Millennials have an average credit card balance of $5,231


Man, I must be old

I can't see being in debt more than a paycheck or two unless it was for a house or something with value behind the actual debt.
Posted by Oilfieldbiology
Member since Nov 2016
37577 posts
Posted on 5/1/19 at 5:51 pm to
That’s because you didn’t have the internet yet gramps.

And wasn’t Christmas vacation predicated on kidnapping his boss for not paying a bonus he NEEDED because he wrote checks he couldn’t cash?

Don’t give me this shite that spending beyond your means started with millennials. I mean shite, isn’t that what started the Great Depression? The Great Recession under carter?
This post was edited on 5/1/19 at 5:55 pm
Posted by Tunasntigers92
The Boot
Member since Sep 2014
23658 posts
Posted on 5/1/19 at 5:52 pm to
I would have guessed 600
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55838 posts
Posted on 5/1/19 at 5:52 pm to
CC balance doesn't necessarily mean "debt"
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124648 posts
Posted on 5/1/19 at 5:53 pm to
Millennials always blaming other people. Time for y’all to take some responsibility.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 5/1/19 at 5:54 pm to
I pay my cc balance off each month dude.

you out here prob writing checks to everyone holding up the grocery line w your bifocals
This post was edited on 5/1/19 at 5:58 pm
Posted by Ed Osteen
Member since Oct 2007
57517 posts
Posted on 5/1/19 at 5:55 pm to
Walt would destroy you IRL
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124648 posts
Posted on 5/1/19 at 5:55 pm to
quote:

you out here prob writing checks to everyone hold up the grocery line w your bifocals


Speak english please
Posted by GeorgeTheGreek
Sparta, Greece
Member since Mar 2008
66468 posts
Posted on 5/1/19 at 5:57 pm to
quote:

I pay for everything with credit card, you are dumb not to, they give you free money for using the card.

But i pay my balance every month like a great American


Same.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 5/1/19 at 5:57 pm to
Walt is a born again virgin sissy boy. All he do is whine on here about everything.


Posted by Oilfieldbiology
Member since Nov 2016
37577 posts
Posted on 5/1/19 at 5:58 pm to
Don’t forget his white knighting for his bleeding heart causes
Posted by Philzilla2k
Member since Oct 2017
11074 posts
Posted on 5/1/19 at 5:58 pm to
quote:

I’m calling bullshite on 701 being the national average. There’s a ton of people with awful credit.


Isn’t 701 awful?
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124648 posts
Posted on 5/1/19 at 5:59 pm to
Nailed it
Posted by Walt OReilly
Poplarville, MS
Member since Oct 2005
124648 posts
Posted on 5/1/19 at 6:01 pm to
Who do I white knight for?
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54792 posts
Posted on 5/1/19 at 6:01 pm to
quote:

I mean shite, isn’t that what started the Great Depression?


Nope, inflated stock values in the 20's were similar to Dutch Tulip boom then bust.

quote:

The Great Recession under carter?


Oil shocks under Nixon (early 70's) and Carter (late 70's) coupled with funding the Vietnam War caused most of the financial malaise of that decade.


quote:

Don’t give me this shite that spending beyond your means started with millennials.


It stared in the 1980's with the massive expansion of credit so yes it is a relatively new phenomenon.
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41232 posts
Posted on 5/1/19 at 6:02 pm to
quote:

just checked, 870


you are off the charts

Posted by TH03
Mogadishu
Member since Dec 2008
171037 posts
Posted on 5/1/19 at 6:03 pm to
quote:


Probably because they try to pay for everything with credit. I mean we are talking about the generation that doesn't like cash or checks.



Are you trying to imply that checks are still in widespread use?
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