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Ship is sinking

Posted by Worker A <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Worker+A' width='330' height='300' border=0 style='border:none;'> on May 18, 2024, 3:54 pm

The U.S. Now Has:

1. Record $17.7 trillion in household debt

2. Record $12.4 trillion in mortgages

3. Record $1.6 trillion in auto loans

4. Near record $1.6 trillion in student loans

5. Near record $1.1 trillion in credit card debt

Total mortgage debt is more than double the 2006 peak and total credit card debt is up ~50% since 2020.

In Q1 2024 alone, ~9% of credit card balances and 8% of auto loans (annualized) transitioned into delinquency.

Higher rates are taking their toll on consumers with record high debt balances.

Re: Ship is sinking

Posted by Joe Smith <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Joe+Smith' width='330' height='300' border=0 style='border:none;'> on May 18, 2024, 8:23 pm, in reply to "Ship is sinking"

But Joe didn't fall today and he got his ice cream cone.

Fetterman Calls Out His Unhinged Party Over Anti-ICE Stance, Dunks All Over Mamdani.

Re: Ship is sinking

Posted by MyPillowGuy <iframe src='https://members.boardhost.com/GraniteGossip/info/user=MyPillowGuy' width='330' height='300' border=0 style='border:none;'> on May 19, 2024, 1:26 pm, in reply to "Ship is sinking"

Some people are broke, stuck on stupid and spend more than they earn.

Other than personal responsibility (ie, not buying a motorcycle when you can’t afford food; having more kids than your feeble income allows), what’s your solution?

Aaaaarggghhh! Chainsaaaaawww!

-fElon Musk

Re: Ship is sinking

Posted by Worker A <iframe src='https://members.boardhost.com/GraniteGossip/info/user=Worker+A' width='330' height='300' border=0 style='border:none;'> on May 19, 2024, 2:34 pm, in reply to "Re: Ship is sinking"

Ship is sinking.

Re: Ship is sinking

As astute as that may be, it’s more of a tepid observation.

“Work more, spend less” or “if you can’t pay cash for it, you can’t afford it” would be broad examples of solutions.

Really, anything Dave Ramsey says.

You guys would like him, he’s anti-trans and widely-lauded as not a great employer.

From my perspective, he’s under a thousand years old and gives simple, sound financial advice.

Whatever. He can’t be worse than the Oops, I Crapped My Pants Gang.

Aaaaarggghhh! Chainsaaaaawww!

-fElon Musk

Re: Ship is sinking

Government is the biggest offender of that.

There is nothing to be done. Game is over.

Re: Ship is sinking

Worker,

We’ve spanned the generations and reached an accord.

The founders would send forth many cannons and muskets, assorted wooden ships and state-raised militia folk towards this group of grifters, weirdos and scam artists.

Enjoy your evening, sir.

Aaaaarggghhh! Chainsaaaaawww!

-fElon Musk

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