Average American savings
- Thread starter Brent S
- Start date
Help Support Homesteading & Country Living Forum:
you have made the ignore list
- Joined
- Sep 7, 2013
- Messages
- 18,164
Explain to me exactly how Obama's policies helped businesses, I mean other than the ones getting favors.
What was the national debt when Obuma took office and what was it when he left office? That is not a national recovery, it is enslaving the future generations to buy vote from those too lazy or too stupid to work.
I wish my paycheck went up as fast as the national debt.
I thought we all came to an agreement to stop feeding the trolls. Lol
I agree with a lot of what parahunter said, and I need to work on being more tolerant of others opinions too. Believing we are in a free country means we are all free to believe in whatever we want. I don’t see the logic of a lot here but that’s ok. I believe my way is right for me, but don’t pretend to think I know what’s right for anyone else.
Pretty disgusting isn’t it.....I wish my paycheck went up as fast as the national debt.
Reminds me of Biden giving a speech and tells folks how America can get out of debt, he says "we need to spend more", he reiterates this a couple of times in that speech. Thanks Joe, I'll just go out and max out my credit cards and I'll be debt free. Sad thing is people ate it up.
This was years ago but I still remember it as the stupidest thing I ever heard!
This was years ago but I still remember it as the stupidest thing I ever heard!
Last edited:
And Sleepy Joe is now going to use that failed theory as his economic policy. Lord help us!
My thoughts on debt are you are paying interest on it. If you’re patient and buy with cash then you keep more of your hard earned income. Having more money means you can have and do more in life like travel, collecting dust collectors, eat better, etc. I don’t care about money, I care about the necessities and luxury things it can give me. Debt is also stressful. Who needs that kind of stuff to worry about each month. It’s a great feeling to look at your paycheck and think, what would I like to do with this vs how do I stretch this thing out to cover all my bills.
This debt clock is about 7 Trillion out of date, in only one year! Now that's what I call exponential growth. At his rate the US will will implode in no time and the inflation coming in the months and years ahead will be unbelievable.I wish my paycheck went up as fast as the national debt.
You shouldn't put money in the bank. It will only inflate to nothing now. Or worse, the government could decide Wall Street needs another bail out only what they do this time would be a "bail in" and take half or all your savings money and give it away. This is exactly what happened in Crete a few years ago.
Day to day expenses, fine. But real savings are now just a target. I know. I have insurance money which I need to invest and am having trouble doing so --- so I am the target.
Day to day expenses, fine. But real savings are now just a target. I know. I have insurance money which I need to invest and am having trouble doing so --- so I am the target.
the average Brit dosent have savings they have debt.
and the average debt(last time I checked) was around £15,000 thats not including mortgage or rent arrears.
thats why when anyone loses their job they are straight round to the food bank because of course they have no food put back either.
and the average debt(last time I checked) was around £15,000 thats not including mortgage or rent arrears.
thats why when anyone loses their job they are straight round to the food bank because of course they have no food put back either.
I truly don’t worship money like most people in the world seem to do. I do really like the sense of security I have from knowing I can handle life’s emergencies though. Like needing a new roof, transmission, or job loss, etc. By the way, these things aren’t emergencies, they are called expected maintenance and should be planned for. If your not saving some of your income, even if it’s only a little, your setting yourself up for failure.
- Joined
- Mar 29, 2013
- Messages
- 15,368
I've heard that the banks are talking about charging negative interest rates on savings accounts. I generally only keep about 12 months worth of expenses in savings, and another 12 months buried in a box. Everything thing else is invested. If the banks ever do start charging interest on savings I'll close out my accounts.
- Joined
- Sep 7, 2013
- Messages
- 18,164
Most of us in the older generations have heard the stories about our grandparents keeping their money under the mattress because they didn't trust the banks. When we were young we didn't understand it.
There is nothing new under the sun!
There is nothing new under the sun!
Thankfully mattresses have given way to fireproof safes lol.
- Joined
- Dec 29, 2012
- Messages
- 18,368
Really? You think that the US destroyed their economy and it is wasn't their corrupt government who has been money hungry? I have first hand knowledge that tells me otherwise.
I don’t think the US is wholly to blame, but yes, we enacted a ban for anyone to trade with them and it was a part of the collapse. Their own government is terrible and I’m not defending them here. I just don’t think the US needs to weaponize economic trade to try and force other countries to do what we want. It has been a failed policy in Cuba for over 60 years now.
I can only imagine how bad it is for the average people there now, especially since they were so well off before.
- Joined
- Dec 3, 2017
- Messages
- 21,339
Well off under Castro?
Ha Ha Ha Ha
Ha Ha Ha Ha
Not at all. But you missed my point completely. It was that even with starving the average people for over sixty years by our sanctions and we still didn’t get them out of power. The old saying about if you keep doing the same thing over and over why would you expect to get a different result comes to mind. I’d say it is time to try new ways to get the desired results.
The majority, but not all, of Americans put themselves into those positions.
Not many are actually educated in finance. They impulse buy what they see, they want it and want it now.
Be one thing if that were just small things. But they apply that to things like the 2,400sqft home for a family of three. Then fill it with a new shiny things, a smart TV in everyroom to include the bathroom.
They dine out 3-4 times a week, and then order in the other times or nuke a boxed dinner. That all stainless steel stove rarely see use.
Back during one of the government shut downs, it was amazing to see how many people could not afford to go without two paychecks.
These were not your Wall-Mart employee. These were government employees, whom I worked with in IT. They were seemingly middle-class, until the paychecks stopped.
Every Empire ends this way. Every Empire. The usual trigger is military overstretch, a well documented subject. tinyurl.com/pycuzyc7
The US spends more than the next 10 Countries Combined... The United States was the biggest driver of this growth, with its $732 billion in 2019, accounting for a full 38% of global military spending.
Add to this the vast social security net and you have the standard recipe for bankruptcy. Rome's fall is well documented and linked to these two. Can you believe that when Julius Caesar enter Rome as it's new dictator there were nearly half a million on welfare, bread and circuses. They all lost their jobs to the import of slaves and no doubt outsourcing of materials and foods from other lands.
An interesting side to this military spending is that the preeminent empire usually wastes money on the technology of previous wars. The British did it with their huge fleet of battle ships and when WWII broke out they were broke and had no aircraft carriers and not enough destroyers to protect against the new fleets of U-boats. Why they didn't learn from the Spanish mistake of running fleets of huge sailing ships is the mystery. The English pioneered the smaller swifter fighting ships that defeated them centuries earlier.
It's madness isn't it! People willingly making themselves slaves just for a few baubles.
- Joined
- Dec 3, 2017
- Messages
- 21,339
I mentioned Castro because it was his communist/socialist policies that hurt the cuban people. Just like Venezuela. Just like so many countries that practice socialism and then communism.
We may spend alot on our military, but our current govt is printing money backed on nothing to support social programs and citizen freebies, and they have no business doing that. We are heading towards an economic collapse because of this.
We may spend alot on our military, but our current govt is printing money backed on nothing to support social programs and citizen freebies, and they have no business doing that. We are heading towards an economic collapse because of this.
The only Cubans who were well off under Fidel were the ones who got off the island.
