MindWars
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- Oct 14, 2016
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Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due
More than a third of all Americans can’t pay their debts. I don’t know about you, but to me that is a shocking figure. As you will see below, 35 percent of the people living in this country have debt in collections. When a debt is in collections, it is at least 180 days past due. And this is happening during the “economic recovery” that the mainstream media keeps touting, although the truth is that Barack Obama is going to be the only president in United States history to never have a single year when the economy grew by at least 3 percent. But at least things are fairly stable for the moment, and if this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again.
Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due
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Don't worry though the global collapse is all just a conspiracy ( Nooooot).
What most do not think of is when this collapse goes full blown, and the Great Depression looks like a picnic in comparison, the factors remain back in those days ppl did not have credit cards , they didn't have student loan, they also more often than not did not buy homes outside their means.
Today you can make forty thousand a year and still get a two hundred thousand dollar home. Tech. That is way outside the spectrum. The banks just happen to rig it all so it is affordable to the income.
More than a third of all Americans can’t pay their debts. I don’t know about you, but to me that is a shocking figure. As you will see below, 35 percent of the people living in this country have debt in collections. When a debt is in collections, it is at least 180 days past due. And this is happening during the “economic recovery” that the mainstream media keeps touting, although the truth is that Barack Obama is going to be the only president in United States history to never have a single year when the economy grew by at least 3 percent. But at least things are fairly stable for the moment, and if this many Americans are having trouble paying their bills right now, what are things going to look like when the economy becomes extremely unstable once again.
Drowning In Debt: 35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due
--------------------------------------------------------------------------------------------------------------------
Don't worry though the global collapse is all just a conspiracy ( Nooooot).
What most do not think of is when this collapse goes full blown, and the Great Depression looks like a picnic in comparison, the factors remain back in those days ppl did not have credit cards , they didn't have student loan, they also more often than not did not buy homes outside their means.
Today you can make forty thousand a year and still get a two hundred thousand dollar home. Tech. That is way outside the spectrum. The banks just happen to rig it all so it is affordable to the income.
