If this is true, we are in trouble...

[Skull Pilot]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

This stuff has been true for a long time

Americans do not save
Do not like to save

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

 

[Skull Pilot]

Life is way more expensive. My parents got their house, which is 2x the size of mine for 25% of the cost. The cable bill back then was like $50. Now I pay $250. There was no cell phone bill. Now I pay $350. Car prices and gas prices have skyrocketed. College tuition and food costs are way up. Middle class gets squeezed. Wealthy don’t care and the poor get enough Govt support to continuously game the system.

You pay 600 a month for cable and a cell phone?

Get HULU and a Trac phone

 

[Cellblock2429]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

This stuff has been true for a long time

Americans do not save
Do not like to save

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

/-----/
The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures[/QUOTE]
/----/ The government establishment, political parties, capitalism, the ruling class never made me stay in a minimum wage job.
The government establishment, political parties, capitalism, the ruling class never stopped me from getting better job skills in demand.
The government establishment, political parties, capitalism, the ruling class never made me live where there were no opportunities.
The government establishment, political parties, capitalism, the ruling class never made me use or sell drugs.
The government establishment, political parties, capitalism, the ruling class never made me drop out of school.
The government establishment, political parties, capitalism, the ruling class never made me major in a worthless major like Women Studies.

 

[BasicHumanUnit]

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

But that's somewhat offset by the fact that they have shoot to kill orders for anyone trying to leave & go somewhere that does have taxes.
But you probably find that acceptable.

 

[Correll]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

This stuff has been true for a long time

Americans do not save
Do not like to save

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

 

[Cellblock2429]

The U.S.A is JUST LIKE Orwell's 1984 when it comes to "Politics"

In Orwell's 1984, they say 2 + 2 = 5.
They drilled it into their heads enough, and that became the truth.

That is the reality of America on politics.

You are told that Capitalism built America, or we were always a Capitalist nation, that's not true.
The U.S.A was hardly Capitalist between 1886 - 1945, and NOT Capitalist before 1886, and VERY Capitalist just after WW2.

You are told that Democrats are Liberal Leftists, and Republicans are Right-Wingers.
Not true either.

The terms Left-Right come from the French Revolution.

The Leftists were Capitalists for more Liberalism, and rights, and the Right-Wingers were the Monarchist Authoritarian Right for the traditional Authoritarian controls over society.

Furthermore, Right-Wingers supporting Capitalism, and Freedom, while complaining about "Social Liberalism" makes no sense.

Truth is, the real Right-Wing IS AUTHORITARIAN, they micro-manage social Conservative values.

Then there's a ton of Republicans who think high Taxes = Socialism to pay for programs.

North Korea is Socialism in it's pure form, and they actually have low taxes, in fact nearly no taxes.

/----/ NK imposes no taxes because the Gubmint owns everything. You can only tax people who actually earn a wage and conduct business.

 

[Skull Pilot]

This stuff has been true for a long time

Americans do not save
Do not like to save

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

If someone told you to jump off a bridge would you ?

Banks offer products some of those products are loans. You don't have to apply for one

Do you think Hostess is a predatory food company because they advertise junk food?

 

[Cellblock2429]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

Its true for my family. Me and the wife are in college but I am skeptical its going to do anything for me other than leave me with a shit ton of debt I have no intention of paying back.

I was under the impression that student loan debt is unforgivable.

Right now it is....my credit is already shot so I don't care what it does to my credit...my first goal will be to afford a life for my family...IF I have the money to pay on some student loans I will if not then hell with them....

/-----/ "IF I have the money to pay on some student loans I will if not then hell with them"
What if your employer said IF we have the money to pay Odium his salary we will if not then hell with him?

 

[Tehon]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

Its true for my family. Me and the wife are in college but I am skeptical its going to do anything for me other than leave me with a shit ton of debt I have no intention of paying back.

I was under the impression that student loan debt is unforgivable.

Right now it is....my credit is already shot so I don't care what it does to my credit...my first goal will be to afford a life for my family...IF I have the money to pay on some student loans I will if not then hell with them....

/-----/ "IF I have the money to pay on some student loans I will if not then hell with them"
What if your employer said IF we have the money to pay Odium his salary we will if not then hell with him?

As if that never happens.

 

[Cellblock2429]

This stuff has been true for a long time

Americans do not save
Do not like to save

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

/----/ I agree it is irresponsible to borrow on your house for a vacation, it is not predatory, Wikipedia: Predatory lending is practices at lending organizations during a loan origination process that are characterized by critics as unfair, deceptive, or fraudulent. While there are no legal definitions in the United States for predatory lending per se, a 2006 audit report from the office of inspector general of the Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers",

 

[Cellblock2429]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

Its true for my family. Me and the wife are in college but I am skeptical its going to do anything for me other than leave me with a shit ton of debt I have no intention of paying back.

I was under the impression that student loan debt is unforgivable.

Right now it is....my credit is already shot so I don't care what it does to my credit...my first goal will be to afford a life for my family...IF I have the money to pay on some student loans I will if not then hell with them....

/-----/ "IF I have the money to pay on some student loans I will if not then hell with them"
What if your employer said IF we have the money to pay Odium his salary we will if not then hell with him?

As if that never happens.

/----/ Never happened to me.

 

[Correll]

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

If someone told you to jump off a bridge would you ?

Banks offer products some of those products are loans. You don't have to apply for one

Do you think Hostess is a predatory food company because they advertise junk food?

IF someone is going around telling people to jump off of bridges, that person is an asshole.


A bank encouraging people to take out a loan to go on a vacation, are not contributing to society. THey are predatory.


I'm not sure of the professional responsibilities of bankers. But if that is not a violation of them, then the responsibilities needed to be changed.

 

[Skull Pilot]

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

/----/ I agree it is irresponsible to borrow on your house for a vacation, it is not predatory, Wikipedia: Predatory lending is practices at lending organizations during a loan origination process that are characterized by critics as unfair, deceptive, or fraudulent. While there are no legal definitions in the United States for predatory lending per se, a 2006 audit report from the office of inspector general of the Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers",

But here's the thing

All the terms are disclosed up front and if the person applying for the loan doesn't like the terms he can simply not apply for the loan

 

[Correll]

Yeah it is all the fault of poor and middle class. Government, establishment, political parties, capitalism, the ruling class are blameless.

LMFAO!

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

/----/ I agree it is irresponsible to borrow on your house for a vacation, it is not predatory, Wikipedia: Predatory lending is practices at lending organizations during a loan origination process that are characterized by critics as unfair, deceptive, or fraudulent. While there are no legal definitions in the United States for predatory lending per se, a 2006 audit report from the office of inspector general of the Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers",

I stand corrected. Thank you.


Irresponsible. Got it.

 

[iamwhatiseem]

These statistics are claimed to be true:
1. 50% of American wage earners earn less than $30k.
2. 63% of Americans can’t afford a $1,000 emergency.
3. 80% of American workers live pay check to pay check.
4. Since 1973 American productivity has increased by 77%, yet hourly pay has grown by 12%. If the minimum wage was tracked to productivity, it would be over $20 an hour today.
5. 41% of American workers earn less than $12 per hour, with most without employer provided HC.
6. Since 2008 the federal government and the Fed created $26 trillion out of nothing. Was any of this enormous sum spent on infrastructure, public education, universal HC, bail out 5.1 million people who lost their homes?

Not a pretty picture for the poor and middle class. Hopefully things are improving or we are headed for big trouble.

All of the above is why Trump won.
The middle class have not only been ignored by ALL of Washington, but indeed have been sabotaged by the same.
Both sides represent corporate and market interest far and away more than us.
And when I say why Trump won, he won because he was not "just another politician" and his message resonated with everyday people.

 

[Cellblock2429]

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

/----/ I agree it is irresponsible to borrow on your house for a vacation, it is not predatory, Wikipedia: Predatory lending is practices at lending organizations during a loan origination process that are characterized by critics as unfair, deceptive, or fraudulent. While there are no legal definitions in the United States for predatory lending per se, a 2006 audit report from the office of inspector general of the Federal Deposit Insurance Corporation (FDIC) broadly defines predatory lending as "imposing unfair and abusive loan terms on borrowers",

But here's the thing

All the terms are disclosed up front and if the person applying for the loan doesn't like the terms he can simply not apply for the loan

/----/ The only benefits to a vacation loan on your home equity is that the interest is tax deductable while a credit card will charge 14 points or more and it's not deductible. The other is that it's a final resort if your credit cards are maxed out. Either way it's stil la dumb idea.

 

[Skull Pilot]

The government establishment, political parties, capitalism, the ruling class never made me spend more than I make
The government establishment, political parties, capitalism, the ruling class never stopped me from saving money

Stop blaming everyone else for your failures

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

If someone told you to jump off a bridge would you ?

Banks offer products some of those products are loans. You don't have to apply for one

Do you think Hostess is a predatory food company because they advertise junk food?

IF someone is going around telling people to jump off of bridges, that person is an asshole.


A bank encouraging people to take out a loan to go on a vacation, are not contributing to society. THey are predatory.


I'm not sure of the professional responsibilities of bankers. But if that is not a violation of them, then the responsibilities needed to be changed.

Whoa there Corky

No bank has any obligation to "contribute to society"

Banks exist for the same reason every other business exists : to make money. Banks make money by selling loans to people and the price of that product is the interest you pay.

Understand this simple concept and you will realize that no business is forcing you to buy any of their products. They advertise to entice but every business does that.

Tell me do you blame Mc Donalds for making people fat?

 

[Cellblock2429]

Ok.

1. The ruling class certainly bares responsibility for a number of crappy polities that have made saving harder.

2. Americans are too consumerist and spend to much and save too little.

3. I believe that most number's whining about Americans' poor savings, often don't track 401k, nor pensions.

4. Banks and credit cards are far too predatory and need to be regulated to stop that shit.

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

If someone told you to jump off a bridge would you ?

Banks offer products some of those products are loans. You don't have to apply for one

Do you think Hostess is a predatory food company because they advertise junk food?

IF someone is going around telling people to jump off of bridges, that person is an asshole.


A bank encouraging people to take out a loan to go on a vacation, are not contributing to society. THey are predatory.


I'm not sure of the professional responsibilities of bankers. But if that is not a violation of them, then the responsibilities needed to be changed.

Whoa there Corky

No bank has any obligation to "contribute to society"

Banks exist for the same reason every other business exists : to make money. Banks makes money by selling loans to people and the price of that product is the interest you pay.

Understand this simple concept and you will realize that no business is forcing you to buy any of their products. They advertise to entice but every business does that.

Tell me do you blame Mc Donalds for making people fat?

/-----/ "Tell me do you blame Mc Donalds for making people fat?" That would be ridiculous. Dunkin Donuts made me fat.

 

[Skull Pilot]

No such thing as a predatory credit card. No one is making people spend more than they make.

and now with all the cards that offer cash back people can actually make money using a credit card. We have a card that give 2% back on all our business expenses we charge and we have a personal one that does the same. We get paid over 10K a year in tax free money just for using those cards and paying off the balance every month

And I will say that we have offered a 401 with a match for over 10 years now and this is the very first year we have 100% participation.

Offer a 100% match for the first 3% of income and a 50% match for the next 2% for a maximum match of 4% of income

So to max out the match people have to contribute 5% of their income and most of my employees only save 3%

I try to tell them they are losing money on the match but they say all they want do do is 3%

I recently heard a bank commercial encouraging people to take out a loan on their house to take a vacation.


No responsible lender should do that. That bank is predatory.

If someone told you to jump off a bridge would you ?

Banks offer products some of those products are loans. You don't have to apply for one

Do you think Hostess is a predatory food company because they advertise junk food?

IF someone is going around telling people to jump off of bridges, that person is an asshole.


A bank encouraging people to take out a loan to go on a vacation, are not contributing to society. THey are predatory.


I'm not sure of the professional responsibilities of bankers. But if that is not a violation of them, then the responsibilities needed to be changed.

Whoa there Corky

No bank has any obligation to "contribute to society"

Banks exist for the same reason every other business exists : to make money. Banks makes money by selling loans to people and the price of that product is the interest you pay.

Understand this simple concept and you will realize that no business is forcing you to buy any of their products. They advertise to entice but every business does that.

Tell me do you blame Mc Donalds for making people fat?

/-----/ "Tell me do you blame Mc Donalds for making people fat?" That would be ridiculous. Dunkin Donuts made me fat.

I drive by 3 Dunkins, a bakery, and a couple fast food chain places every day and they all have fans that pump out the smell of what they make.

That's just another form of advertising.

I love the smell of baking bread but I don't stop at the bakery every day and gorge myself on bread

No one is forcing anyone to spend their money ( except the governemnt)

 

[Skull Pilot]

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