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RE: US Household Debt Now Exceeds Pre-2008 Credit Bubble/Market Crash Levels. By Gregory Mannarino
Greg, another great bit of info, thanks for passing it along to us. I have a 19 year old daughter that is in her 1st year of college. Everyday she get 2to 3 offer of credit in the mail weather it be a credit card offer or loan offer. She does not have any student loans, thanks to silver. We have raised her to understand that debt is a inslavement and not to get tied up in it, but if she is getting that many offers, everyone else in her position must be getting them as well. Iam sure that they are taking the offers of credit. Unfortunately our younger society does not have the knowledge of how bad debt is. Thanks for all that you do for us on keeping us uo to date.
Like drug dealers aren't they? Gotta get them hooked young.
Droug dealers is diffently a appropriate tag. We didnt really think it was that bad, boy where we wrong. I mean its every day. I mean she doesnt even work,and she gets that many offers a day.
She actually got a loan check in the mail monday, it was for $3000.00 and all she had to do was cash it. No income verification, no credit verification. Nothing at all just cash it. It was the craziest thing i had everyseen. I was proud though, i watched her shred it.
Thats really sick and indeed causing a lot of problems these days.
With all those examples on tv and social media.
And my opinion they should teach kids at a young age in the schools a bit about economy and what debts can do.
Same as teaching them basic first aid.
Yep outrageous that they'd be targeting young people like that. As we're all aware it is a form of slavery....
Now, I'm not completely condemning debt entirely, after all most of us wouldn't be living in a house without it or able to pay for unforeseen repairs. However, it's about being able to manage it and having a plan as to how it's going to be paid back. This is something which younger people may find more difficult.
The whole idea of having to pay interest on the debt is the biggest scam of all though. How can money created out of thin air have interested added to it?
Our kids have a dark future . It's sad . I am thinking of opening a family biz . It's the only way . Welding and plumbers never die
I love being debt free... @pocketechange