Credit Crisis destroys household income

[Harpy Eagle]

The numbers are aggregate. They always are.

Yes, they are. And they were higher in 2019 than they are now.

Why did you not lose your shit back then over this?

 

[justoffal]

The numbers were far higher in 2019, and you were on the forum back then and I cannot find a single thread you made freaking out over it.

Why is that?

I post in many places....
But I digress ... The economy is great for investors....that's fine.

But it sucks for the median income population. In fact it is now also beginning to suck for
The bottom also.

 

[Harpy Eagle]

I post in many places....
But I digress ... The economy is great for investors....that's fine.

But it sucks for the median income population. In fact it is now also beginning to suck for
The bottom also.

Did you lose your shit over this at a different place back in 2019?

 

[WinterBorn]

You get into trouble with credit cards when you spend more than you can afford. Simple, I know. But, apparently, plenty of people cannot fathom that.

 

[Harpy Eagle]

You get into trouble with credit cards when you spend more than you can afford. Simple, I know. But, apparently, plenty of people cannot fathom that.

Perhaps they are just following the lead of our government.

 

[WinterBorn]

Perhaps they are just following the lead of our government.

And that is never a good thing.

 

[Harpy Eagle]

Top 5 Reasons Why People Go Bankrupt

Bankruptcy can be a result of overspending or poor planning, but it can also be due to other circumstances. Learn why people are forced to file for bankruptcy.

www.investopedia.com

Five Major Reasons for Bankruptcy​

Common reasons that people file for bankruptcy include loss of income, high medical expenses, an unaffordable mortgage, spending beyond their means, or lending money to loved ones. Often, bankruptcy is a result of several of these factors combined.

1. Loss of Income​

2. Medical Expenses​

3. Unaffordable Mortgage/Foreclosure​

4. Overspending​

5. Providing Financial Assistance​

 

[DudleySmith]

He apparently doesn't realize that the lower numbers only represent the aftermath not the recovery. Like with any catastrophe...the initial casualties are always the highest.

That will just go over his head, no point in explaining it to him, they're just here to parrot what they're told is all.

 

[Cellblock2429]

The false economy always comes with a price. Consumer spending has been great! But! Now it's time to pay the bill!

Credit Crisis Hits Worst Level Since Great Recession As Millions Of Americans Go Bankrupt - Whatfinger News' Choice Clips

https://www.youtube.com/watch?v=WduFu1ruUXw Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being...

choiceclips.whatfinger.com

/——/ Here’s more of Bidenomics. Thanks Joe.

 

[yidnar]

I do so enjoy your daily "the sky is falling" threads...all the while everyone on this forum is seemingly unaffected.

Weird

so everyone on this thread isn't paying a LOT more for fuel , food , insurance rent , electricity ect ...

 

[iku]

The false economy always comes with a price. Consumer spending has been great! But! Now it's time to pay the bill!

Credit Crisis Hits Worst Level Since Great Recession As Millions Of Americans Go Bankrupt - Whatfinger News' Choice Clips

https://www.youtube.com/watch?v=WduFu1ruUXw Bankruptcies are hitting average American families, and U.S. businesses really hard in 2024, according to data from the U.S. Courts. Higher consumer prices are making Americans take on massive loads of debt just to get by, while businesses are being...

choiceclips.whatfinger.com

 

[justoffal]

View attachment 957556

Nice score!

 

[leftwinger]

I do so enjoy your daily "the sky is falling" threads...all the while everyone on this forum is seemingly unaffected.

Weird

You were probably barking about your HELOC and adjustable no money down mortgage in 2008 you dumb OX.
Don't understand how this chart could look so bad?

Yet the number of banks not nearly as bad as OBiden 1.0 when Congress caused the housing bust?

 

[braalian]

If Biden et al lose it won't be because the economy is terrible for the working class; It will be because they don't recognize it.

You’re saying people can’t tell whether or not they’re personally doing well economically?

How does that work? How could one not know?

 

[iku]

Nice score!

I hover 821 to 837. Get this fact. I have NEVER paid interest on a loan, never paid credit card interest, and never gotten to 850
I have one credit card with an insane limit and pay it off every month. Never had a mortgage as well, and I own.

 

[justoffal]

You’re saying people can’t tell whether or not they’re personally doing well economically?

How does that work? How could one not know?

It's the administration that doesn't know. People know all too well how they are doing. Telling them they're too stupid to know that they're actually doing well.... Didn't work so well for Biden.

 

[Harpy Eagle]

t's the administration that doesn't know. People know all too well how they are doing.

and 65% of the people say they are doing good or excellent.

 

[iku]

View attachment 957556

^^nothing fake about that ya brain dead eagle

 

[iku]

But we're all going to get rich selling each other Apple stock back and forth, so no problem.

or making money selling on E-Bay, or working them "shovel ready" jobs

 

[iku]

and 65% of the people say they are doing good or excellent.

show me your numbers, here are mine

Despite those robust numbers, most Americans, 68%, say the economy is worsening, according to a December 2023 Gallup poll, which showed that four in five U.S. adults rate the country’s current economic conditions as “poor” (45%) or “fair” (33%). Only 19% of people polled said the economy is “good,” in keeping with the positive economic markers.

Why Americans Don’t Give Biden Credit for Strong Economy

Despite high growth, Americans are down on the economy

www.voanews.com