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re: Gen y takes after their parents when it comes to finances- 75% of millennials are in debt
Posted on 4/5/18 at 1:00 pm to GreatLakesTiger24
Posted on 4/5/18 at 1:00 pm to GreatLakesTiger24
This thread title is inane. If debt covers car notes and mortgages, that's not really a bad thing. And hell, credit card debt is a common thing and not necessarily bad either. If you have a credit card, you have credit card debt. Plain and simple. At any given moment, I probably have several thousand dollars in credit card debt, but I pay it off every month. Why would I not have credit card debt if I get rewards and shite for using the card and no penalties if I pay it off in time? As for student debt, sorry Congress decided to federally back student loans which led to schools having access to nearly unlimited funds and giving them the ability to increase tuition at rates quadruple the rate of inflation.
75% in debt just doesn't tell the story here.
75% in debt just doesn't tell the story here.
0
Posted on 4/5/18 at 1:04 pm to AbitaFan08
quote:
Millennial checking in. 31. Zero debt.
Bought that house straight cash homey? Or typical millennial living in parents basement still?
Posted on 4/5/18 at 1:06 pm to Who_Dat_Tiger
quote:
Bought that house straight cash homey? Or typical millennial living in parents basement still?
Because we all know the only 2 living choices for millennials these days. Buy a house or live in mom's basement.
Posted on 4/5/18 at 1:13 pm to TH03
Just busting balls. I could be debt free if I chose. I'm 27 and own 3 houses. Article doesn't mention anything about good debt... it ain't a problem when you got someone else paying your mortgages for you.
Posted on 4/5/18 at 1:14 pm to TH03
quote:
Because we all know the only 2 living choices for millennials these days. Buy a house or live in mom's basement.
Sometimes it's the garage apartment. Not everyone has a basement, after all.
Posted on 4/5/18 at 1:15 pm to Who_Dat_Tiger
quote:
Bought that house straight cash homey? Or typical millennial living in parents basement still?
I spend a fortune on rent. About 1,300 miles from my parent's house.
Posted on 4/5/18 at 1:15 pm to GreatLakesTiger24
quote:
including 11 percent who are over $100,000 in debt.
Dang that's me, well us technically....
Posted on 4/5/18 at 1:18 pm to Barstools
quote:
Nope, I rent.
Also known as pissing money away with nothing to show for it when all is said and done.
Posted on 4/5/18 at 1:28 pm to Darth_Vader
How old were you when you bought your first house?
Posted on 4/5/18 at 1:30 pm to GreatLakesTiger24
Damn, I was 26. Seems like so long ago.
Posted on 4/5/18 at 1:35 pm to deltaland
quote:
But I have over 20k in my checking account
Why?
Posted on 4/5/18 at 1:37 pm to Darth_Vader
Quick, let me run and buy a 1200 sqft house for $400k
This post was edited on 4/5/18 at 1:38 pm
Posted on 4/5/18 at 1:38 pm to Darth_Vader
quote:
Also known as pissing money away with nothing to show for it when all is said and done.
Pissing money away is buying a house when you know you won't be in it long then selling it later while paying fees on both ends while building up almost know equity and no appreciation.
Retards like you are the reason most of this country has no idea how to handle their finances.
Posted on 4/5/18 at 1:45 pm to Darth_Vader
quote:
Also known as pissing money away with nothing to show for it when all is said and done.
this is the most baby boomer statement ever. I have no idea how old you are, but c'mon man.
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