- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- 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
0
Posted on 5/15/23 at 5:25 pm to kywildcatfanone
I mean, is it that hard to imagine?
The cost of everything has tripled almost overnight. Peoples salaries didn’t triple too.
The cost of everything has tripled almost overnight. Peoples salaries didn’t triple too.
Posted on 5/15/23 at 5:27 pm to jizzle6609
quote:
you have to let people fail as well or they will never learn.
Our government is behaving the same way. Arguably worse. Why should people be held accountable and not our government?
Posted on 5/16/23 at 7:11 am to molsusports
quote:
The number of bad auto loans says hold my beer
Yep, the sub-prime auto loan market started looking bad at the beginning of the year. It's improved slightly, but April's numbers were the worst in almost 20 years. LINK
quote:
Delinquencies that were 60 days or more declined in April for the second month in a row but were up 18.6% from a year ago. In April, 1.60% of auto loans were severely delinquent. That was down from March’s 1.75% rate but was the highest April rate dating back to at least 2006.
Delinquencies are still low, but the drop from Q3 to Q4 of 2022 was completely erased in Q1 of this year.
Posted on 5/16/23 at 7:48 am to BowDownToLSU
But you will use a debit card, that’s directly tied to your money? If that’s compromised, that’s your money gone.
This post was edited on 5/16/23 at 7:50 am
Posted on 5/16/23 at 7:49 am to Horsemeat
quote:
$0 cc debt club. Pay that stuff off every month and swim in the rewards points.
Same. Feels good man.
All these losers on here bragging about not having a credit card don’t know they’re throwing away free money.
Posted on 5/16/23 at 7:56 am to elprez00
quote:Bingo. Wife and I are teachers so we aren’t rich, but we always managed to get by during the lean times, now it’s worse, groceries and gas have shot up. It’s getting harder to get by.
I mean, is it that hard to imagine? The cost of everything has tripled almost overnight. Peoples salaries didn’t triple too.
Posted on 5/16/23 at 7:56 am to RLDSC FAN
Just pay that shite off each month like the rest of the OT
Posted on 5/16/23 at 7:57 am to HangmanPage1
quote:
groceries and gas have shot up
Amex has a card with 6% cash back on groceries and 3% cash back on gas
Its better than nothing
Posted on 5/16/23 at 7:59 am to TideHater
quote:The US debt is primarily held by investment funds which is ultimately Americans retirement investment funds.
United States is in debt to China for twice that amount.
Those high paying money market investment manager jobs that you learn the names on the prospectus disclosure mailings? Yeah, they're buying the US debt and transferring it to your 401k/etc. accounts. YOU are holding the US Debt, other countries have bailed out on that.
It's called Securitization. Bundle up debt, use that bundle as collateral (security) to issue new debt (bonds) and all the debt is now capitalized and off the govt. hook essentially. Ponzi scheme to the max. Last one holding the debt gets screwed while the early birds make a fortune.
Posted on 5/16/23 at 8:53 am to GetCocky11
That’s nice, income still where it was before the price increases, using cards when it’s tough still digs into a hole. Need gas and groceries to go back down.
Posted on 5/16/23 at 9:01 am to RLDSC FAN
I put about $3k on the credit cards every month and pay off the balance weekly. All my bills, groceries, and extracurricular spending go on the cards. Pays for a round trip flight and hotel stay for the wife and I every year.
Posted on 5/16/23 at 9:32 am to RLDSC FAN
My quality of life increased dramatically the day I stopped carrying balances on CCs.
I don't recommend it for anyone.
I don't recommend it for anyone.
Posted on 5/17/23 at 5:04 pm to Mo Jeaux
quote:
Why wouldn't you have one?
Got debit card its all i need. Wife has credit card in her name.
Posted on 5/17/23 at 6:53 pm to Weekend Warrior79
quote:
What the hell happened in 2010 that caused that jump?
I looked into this and it’s because of a change in the financial reporting requirements. Actual debt didn’t spike, just the way it was reported.
This also makes it pretty difficult to really compare the long term growth rates before and after the methodology change. You can’t simply subtract (or add) the delta from the spike since you don’t know how that additional data would have impacted the numbers years before or years after they changed the reporting.
That being said, if you look at the period from 2000-2007 (trying to remove the 2008 impacts from the equation since the methodology changes right in the aftermath) credit card debt increased at a 5.518% compound annual growth rate. If you look at the period from 2014-2023, credit card debt increased at a 5.430% CAGR.
So over the long term, revolving debt has been growing at about the same rate. However, if you only look at the period from 2021-2023 it increases to 14.997% CAGR. This is of course after a huge drop in revolving debt from 2020-2021, which appears to have been a result of the stimulus packages.
The question will be whether the growth rate falls back in line with the average now that debt has effectively caught back up to pre-stimulus levels.
Page 5 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News