Congratulations voters - you asked for this.
Posted on 03/15/2014 11:53:43 AM PDT by SeekAndFind
Once you go debt free you will see your standard of living rise. Go debt free.
America ran a greater than $300 billion deficit with China last year, a total which has been steadily increasing now for an entire generation.
Bring back AMERICAN jobs now.
Now.
Some members of my extended family have been living on credit cards. There wages have not kept up with inflation and two female family members lost jobs. Current part time job just doesn’t cut it.
Look for the American automakers to take a huge hit. They’ve been largely unsuccessful at either making prestige cars, and also trail at making desirable cheap cars.
The middle-class SUVs and pickups that make the profits for the Big Three are already unaffordable, but shaky loan practices have kept them in people’s driveways. Those days are coming to an end.
~ General MacArthur in his book "Reminiscences"
Can anyone tell me why gov’t inflation figures exclude food and energy? I’d say the very real increase in these two necessities are decimating the bottom sectors of the middle class.
What happens when middle class jobs are outsourced to overseas suppliers or insourced with lower cost “immigrants” is completely predictable.
And that includes paid off mortgage and no car payment....NO DEBT !
I call it living upper poor. It's still quite a good life in many parts of the US.
Ping economy
Yep, until it all crashes down.
Congratulations voters - you asked for this.
When it comes to consuming “stuff” women are the worst. Madison Ave knows that and for decades spent hundreds of millions on psychology studies to make their ads cause women to buy billions of stuff they do not really need but emotionally must have. 1950’s women had 13 sets of clothes for all occaisions. Even adjusting for workplace clothing women should not need more then 30 sets of clothes??!! No modern women would live to that limit. Any husband that points that out would be evisorated for being a cheap bastard one step from being divorced. Consumerism is killing this country and putting many into unnecessary debt and bankruptcy. Bringing back jobs is only half the solution, restoring good old fashion Yankee Frugality is the other.
If people became frugal, the economy collapses...The economy is based on having enough stupid people to keep it afloat.
Not necessarily, depends on your definition of frugal and collapse..
The economy didn't collapse back in the middle of the last century when people naturally lived frugally...
You know, they lived within their means !!
Yay! Another ‘list’ article! They’re all too common these days. Almost reminds me of TV commercials, given how they are usually titled.
” ‘X’Number of ‘X’ That shows ‘X’ “
Typically associated with impending doom, disaster, or the number of ways everything sucks!
I’m part of the problem.
My wife died 13 years ago and my daughter moved out and married. I haven’t spent squat in a long time.
Most certainly no car payment. Pay off the house by making extra payments towards principal.
If people would add up how much they pay in interest each month and then figure what their lifestyle would be with that extra money they quickly get the concept.
They are not upper poor if their net bottom line is better off than the “rich guy” with the car payments and credit cards in his wallet.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.