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52% of Americans can't raise $400 in an emergency
Comments
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whynotboth.gifdoogsinparadise said:
Hey why put crooked bankers in jail when you can just blame poor people?GreenRiverGatorz said:
Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?PurpleJ said:
Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.doogsinparadise said:
Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means.
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It is apparently VERY hard.GreenRiverGatorz said:
Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?PurpleJ said:
Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.doogsinparadise said:
Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means.
And that's why you need to sign 60 pages of disclosures on a mortgage. Because signing a mind-numbing number of documents filled with boilerplate language makes people with the attention span of a retarded daschund make better decisions.
But have no fear, the Feds stepped in to protect those folks from themselves by adding another 10 disclosure documents to initial in triplicate. -
Abundance if there ever was such a thing.doogsinparadise said:
Hey why put crooked bankers in jail when you can just blame poor people?GreenRiverGatorz said:
Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?PurpleJ said:
Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.doogsinparadise said:
Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means.
The system is corrupt AND Americans are FS. Spending equal to your means is not responsible. And I grew up in a poorer neighborhood, went to poorer schools and live in a poorer state than 81% of you on this bored so spare me your rant about privilege. -
Take away most of their disposable income. Duh!GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
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It's amazing how people saved when wages were higher, like in the 70s. It's like there's some sort of correlation.
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Maybe someone can explain how percentages work to Bill. It looks to me like the downturn in private savings matches up perfectly with the adult life of the Baby Boom generation. -
and people wonder why the government wants to get guns out of people's hands before the next great recession
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I have 400 sven bucks, and piles of wampum which you idiot white devils always mistake as currency. Idiots.
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I'm not disputing that.dnc said:
Abundance if there ever was such a thing.doogsinparadise said:
Hey why put crooked bankers in jail when you can just blame poor people?GreenRiverGatorz said:
Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?PurpleJ said:
Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.doogsinparadise said:
Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means.
The system is corrupt AND Americans are FS. Spending equal to your means is not responsible. And I grew up in a poorer neighborhood, went to poorer schools and live in a poorer state than 81% of you on this bored so spare me your rant about privilege. -
Not if you go migrant style and rent out all the bedrooms and wall space to nail up a sleeping bag.GreenRiverGatorz said:
Way too many idiots making $30K a year thought they were prime candidates for a mortgage on a $400K house. Yeah, fuck the lenders and investment bankers who created the incentive to approve such a loan in the first place, but Jesus Christ, how hard is it to figure out that if you're spending 80% of your income on your mortgage, you're going to be insolvent in no time?PurpleJ said:
Exactly. But we (we?) can just blame Bush and Obama for not knowing how to manage our (our?) money for us. People forget that the everyday dumbfucks had just as much to do with the recession as wall street and the dumbfucks we elect to keep up the charade.doogsinparadise said:
Our? economy is structured towards mass consumption. If the poors aren't buying more than they can afford the economy will literally not grow, and the banks won't be able to justify their leverage.GreenRiverGatorz said:
So you're saying America doesn't have an over-consumption problem?allpurpleallgold said:
76% reported spending either less than their income or equal to their income. Of course you didn't read that because you didn't read the report. You just jumped to your own idiotic conclusions because that's what idiots do.GreenRiverGatorz said:
The economic illiteracy of Bernie supporters once again rears it's ugly head. Please tell us, what exactly is Bernie going to do to curb America's insatiable appetite for consumption?allpurpleallgold said:I can't wait for Hillary to continue Obamas policies!
FYI, spending anywhere close to equal to your income is spending way outside your means.
