Quote:
|
Originally Posted by fpsoxfan
Seeing how I'm the one who got you on this a few days ago by suggesting the economy was a partial reason for a drop in the Preakness handle, I probably need to respond to your debate with some others on here. I appreciate your optimism about the economy, you bring up some valid points, in fact I really hope you're right. The reality is though Justin, things aren't good, especially for the lower middle class. Foreclosures are up and most in this category are living paycheck to paycheck. The worst though is Credit Card debt. The average credit card debt of a 30 something is in the neighborhood of 15,000. This is not good. Gas prices are obviously not the main indicator of the economy, but this is not helping either. We are in a tailspin, I just hope it gets better or we are headed for big trouble.
|
i have exactly zero credit card debt, life is good.
i owe on one house, and one car payment. people need to learn to live within their means, with money left over-rather than maxed out with peter robbed to pay paul. but that's closing the barn door with the horse long gone....