User Panel
User Panel
User Panel
|
Posted: 8/3/2022 1:22:15 PM EDT
[#1]
That works out to $45,000 per person.
We’re slightly above average at $50,000… but that’s all mortgage and I could pay it off |
|
|
|
Posted: 8/3/2022 3:30:04 PM EDT
[#2]
Quote HistoryQuoted: Now divide that by the 126,000,000 households in the US. It's not even 150k. It's a nothing burger. Now, tell me how much CC Debt the country is carrying and I'd likely be more inclined to be alarmed. Though probably still not surprised. The mix of debt is way more important than the total amount of debt.  It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. |
|
|
|
Posted: 8/3/2022 3:41:50 PM EDT
[#3]
Well, in theory it should go up since inflation, GDP and population increase over the long term.
 |
|
|
|
Posted: 8/3/2022 3:44:37 PM EDT
[#4]
Quote HistoryQuoted: It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. Saying it went up $312B is not telling me the mix. How much did CC Debt go up? Mortgages? Vehicles? Other real estate such as land and rental/income real estate? Leverage on securities? HELOCs SBLOCs? This matters. |
|
|
|
Posted: 8/3/2022 3:44:44 PM EDT
[#5]
16 trillion in debt racked up by 330+ million assholes
vs. 30+ trillion of debt racked up by 535 bigger assholes. Not much comparison imo. |
|
|
|
Posted: 8/3/2022 3:48:04 PM EDT
[#6]
Quote HistoryQuoted: 16 trillion in debt racked up by 330+ million assholes vs. 30+ trillion of debt racked up by 535 bigger assholes. Not much comparison imo. Good point! |
|
|
|
Posted: 8/3/2022 3:52:33 PM EDT
[#7]
Quote HistoryQuoted: It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. Quote HistoryQuoted: Quoted: Now divide that by the 126,000,000 households in the US. It's not even 150k. It's a nothing burger. Now, tell me how much CC Debt the country is carrying and I'd likely be more inclined to be alarmed. Though probably still not surprised. The mix of debt is way more important than the total amount of debt. It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. Households using debt at an increasing rate right at inflation isn’t cause for concern. In fact it’s very much normal and expected. |
|
|
|
Posted: 8/3/2022 3:53:58 PM EDT
[#8]
Quote HistoryQuoted: Well, in theory it should go up since inflation, GDP and population increase over the long term. https://www.stlouisfed.org/open-vault/2020/april/-/media/project/frbstl/stlouisfed/blog/2020/april/nyfedhouseholddebt.png?w=100%25&la=en&hash=4A330966E97D5C83FD8602A71E8771C6 auto loan and housing...wow who would have fucking guessed that...OMG...they have some fucking geniuses out there writing articles. |
|
|
|
Posted: 8/3/2022 3:55:22 PM EDT
[#9]
Quote HistoryQuoted: Households using debt at an increasing rate right at inflation isn’t cause for concern. In fact it’s very much normal and expected. Quote HistoryQuoted: Quoted: Quoted: Now divide that by the 126,000,000 households in the US. It's not even 150k. It's a nothing burger. Now, tell me how much CC Debt the country is carrying and I'd likely be more inclined to be alarmed. Though probably still not surprised. The mix of debt is way more important than the total amount of debt. It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. Households using debt at an increasing rate right at inflation isn’t cause for concern. In fact it’s very much normal and expected. what tardos don't understand that if I get a 30 year mortgage, that $1000 today, ain't gonna be shit in 15 years and sure as hell won't be shit in 30 years, then you are borrowing money at like 2.95% |
|
|
|
Posted: 8/3/2022 3:57:25 PM EDT
[#10]
We have zero debt. I'm thankful for that.
|
|
|
|
Posted: 8/3/2022 3:57:27 PM EDT
[#11]
Quote HistoryQuoted: Me too but it took me a 50 years to get completely debt free. I'm 67. My younger Brother is 60 and just took on a 250k mortgage. DUMB!! Why? He will be dead before he pays it off. Now who’s dumb? |
|
|
|
Posted: 8/3/2022 4:10:54 PM EDT
[#12]
I'm 32, the only debt I have right now is my mortgage, but the house is currently worth around double what I owe...
|
|
|
|
Posted: 8/3/2022 4:11:59 PM EDT
[#13]
Quote HistoryQuoted: what tardos don't understand that if I get a 30 year mortgage, that $1000 today, ain't gonna be shit in 15 years and sure as hell won't be shit in 30 years, then you are borrowing money at like 2.95% Quote HistoryQuoted: Quoted: Quoted: Quoted: Now divide that by the 126,000,000 households in the US. It's not even 150k. It's a nothing burger. Now, tell me how much CC Debt the country is carrying and I'd likely be more inclined to be alarmed. Though probably still not surprised. The mix of debt is way more important than the total amount of debt. It does discuss the mix of debt. Including that the household debt rose 312 billion in a quarter (3 months) 2% of the total. Also stating that rising prices (inflation) was the biggest driver of this number. They also indicated that household savings dropped by 5% as well. Basically Americans are taking on larger debt and steadily emptying their savings accounts. Sure the sky isn't falling but lets not pretend like this isn't something to be worried about. Households using debt at an increasing rate right at inflation isn’t cause for concern. In fact it’s very much normal and expected. what tardos don't understand that if I get a 30 year mortgage, that $1000 today, ain't gonna be shit in 15 years and sure as hell won't be shit in 30 years, then you are borrowing money at like 2.95% Well the doom porn article got the expected clicks. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
