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Reply #10: Oh? Time for a web search [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

Warpy

(1000+ posts) Send PM | Profile | Ignore

Mon Jul-30-07 07:54 PM
Response to Reply #5

10. Oh? Time for a web search

to find out the average debt load in this country. Remember, people have run into trouble using their appreciating real estate as an ATM machine, and into trouble from everything from credit cards to those predatory loan outfits popping up like poisoned mushrooms.

People have compensated for wages that have fallen in real terms, leaving no disposable income, by accruing debt.

People who seem to be living the American dream don't know how poor they really are, yet. Looking at their net worth will tell you that.

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