Quote:
Originally Posted by MaTH716
Really when you think of it, 10k in credit cards really isn't that bad. I'm sure that most of the charges are just day to day necessities. Food, Gas and Clothing for the kids, it just adds up. God forbid, someone gets hurt, needs dental and doesn't have adequate insurance or even have some sort of car trouble. People are just sinking.
My wife and I discuss it all the time (plus she talks to all her friends), it seems like many people are in the same boat and are heading down these same type of waters that your friend is in right now. It really is scary times.
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And yet people say the recession ended 2 years ago and good times lie ahead. It is more like 1932 before the cliff