Loading Loading
Just for optimization

Politics.comnews

freecreditcheck.com |  creditreports.com |  whois.domaintools.com |  bookclub.com
News American Spending Habits Dying Hard

American Spending Habits Dying Hard

Submitted by hepsy | 5 months ago

Reuters - n order to stump up the cash for recent purchases, Americans have been postponing the necessary task of repairing their personal finances. Families have levels of debt that remain stubbornly high and are still close to twice the peak of the 1980s boom. Yet consumers have returned to saving just 3 percent of disposable income. At such a snail’s pace it will take roughly 9 years to bring household debt down to a more reasonable level of around 100

Tags: spending, habit, debt

Sorry

or Register to add your comment.
It will take only a few seconds, we promise!

blackwidow 5 months ago

Show full conversation (2 messages)
Reply to jerseybillinva
How can americans learn to save when their elected leaders spend at record pace?

Don't depend on elected leaders to be role models in finance, business, health care or morals. They prove their inability to comply with law they create (presumption of privilege), as well as inability to uphold the Constitution they are sworn to.

Americans can learn to save by ignoring the greedy slave-master of instant gratification and resulting interest, practice self-discipline, and discern the fake, feel-good empty promises. But who wants to turn of his TV?

Sorry

or Register to add your comment.
It will take only a few seconds, we promise!

jerseybillinva (Independent) - 5 months ago

How can americans learn to save when their elected leaders spend at record pace?

Sorry

or Register to add your comment.
It will take only a few seconds, we promise!

ironhead (Libertarian) - 5 months ago

End the Fed's manipulation of interest rates and you will see a different story emerge. When the market sets interest rates (based on risk, value, established credit, etc.) then you will see that credit is not so loose and irresponsibly given. This will probably force most to save more than they are currently doing.

Ironically, it is actually savings and thriftiness that is the precursor to creating actual wealth. With thriftiness and savings comes investment, which can be used for productive capital; production is the real creator of wealth, not spending.

Sorry

or Register to add your comment.
It will take only a few seconds, we promise!

Good Ole Boy (Independent) - 5 months ago

REDUCE TAXES

Sorry

or Register to add your comment.
It will take only a few seconds, we promise!

1 - 4 / 4