Platinum Contributing Member Highmark Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 (edited) Old but still good. Edited October 2, 2022 by Highmark 2 1 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted October 2, 2022 Share Posted October 2, 2022 Crazy radical right wing propaganda. Snl has been full libtard for a long time. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 2, 2022 Share Posted October 2, 2022 Funny but oh so true. Amazing how some American consumers believe they deserve so much more than they can afford. Let them learn the hard way. 2 Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 6 minutes ago, Highmark said: Old but still good. https://www.usdebtclock.org/ look at personal debt and personal savings then cringe... Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted October 2, 2022 Share Posted October 2, 2022 In - 3 - 2 - 1 - Ask the democrats to pay for it, they're paying for pretty much everything now a days all around the world................ - - Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 Just now, snoughnut said: Funny but oh so true. Amazing how some American consumers believe they deserve so much more than they can afford. Let them learn the hard way. The bank has lots of money. Quote Link to comment Share on other sites More sharing options...
snoughnut Posted October 2, 2022 Share Posted October 2, 2022 3 minutes ago, Steve753 said: The bank has lots of money. Fuck banks and bankers, they should all die in a fire. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member EvilBird Posted October 2, 2022 Gold Member Share Posted October 2, 2022 4 minutes ago, Steve753 said: The bank has lots of money. Spoken like a true boomer . Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 Just now, EvilBird said: Spoken like a true boomer . I'm not a boomer. 1 Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted October 2, 2022 Share Posted October 2, 2022 24 minutes ago, snoughnut said: Funny but oh so true. Amazing how some American consumers believe they deserve so much more than they can afford. Let them learn the hard way. What is the hard way ? Rack up 10s of thosends in cc debt then stop paying not even file bankruptcy and in 3 or 4 yrs they start sending you more cards . Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted October 2, 2022 Gold Member Share Posted October 2, 2022 Gen Z — Average debt: $16,043 Millennials — Average debt: $87,448 Gen X — Average debt: $140,643 Baby boomers — Average debt: $97,290 Here's the average credit card debt broken down by generation: Generation Z: $1,963 Millennials: $4,322 Generation X: $7,155 Baby boomers: $6,043 Silent generation: $3,177 boomers really love that debt imagine being retired or close to it and you are still in debt no wonder a lot of them still work for “fun” 😂 https://www.cnbc.com/amp/select/average-credit-card-debt-by-age/ https://www.cnbc.com/amp/2021/10/13/how-much-debt-each-generation-has-in-the-us.html Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Steve753 Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 Just now, 800renegaderider said: Gen Z — Average debt: $16,043 Millennials — Average debt: $87,448 Gen X — Average debt: $140,643 Baby boomers — Average debt: $97,290 Here's the average credit card debt broken down by generation: Generation Z: $1,963 Millennials: $4,322 Generation X: $7,155 Baby boomers: $6,043 Silent generation: $3,177 boomers really love that debt imagine being retired or close to it and you are still in debt no wonder a lot of them still work for “fun” 😂 https://www.cnbc.com/amp/select/average-credit-card-debt-by-age/ https://www.cnbc.com/amp/2021/10/13/how-much-debt-each-generation-has-in-the-us.html All those stats prove is that millennials have shitty credit. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted October 2, 2022 Gold Member Share Posted October 2, 2022 Just now, Steve753 said: All those stats prove is that millennials have shitty credit. No it proves they don’t get into debt. No debt = less working you know the thing boomers always claim we don’t do 😂 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, Anler said: Crazy radical right wing propaganda. Snl has been full libtard for a long time. I watched an old episode of SNL from 15 I think last night. Michael Keaton was the host. I watched for a good half hour, and I don't think I laughed once. Just awful. 43 minutes ago, 800renegaderider said: Gen Z — Average debt: $16,043 Millennials — Average debt: $87,448 Gen X — Average debt: $140,643 Baby boomers — Average debt: $97,290 Here's the average credit card debt broken down by generation: Generation Z: $1,963 Millennials: $4,322 Generation X: $7,155 Baby boomers: $6,043 Silent generation: $3,177 boomers really love that debt imagine being retired or close to it and you are still in debt no wonder a lot of them still work for “fun” 😂 https://www.cnbc.com/amp/select/average-credit-card-debt-by-age/ https://www.cnbc.com/amp/2021/10/13/how-much-debt-each-generation-has-in-the-us.html Now show net worth. It will put those #s into a much clearer perspective. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted October 2, 2022 Gold Member Share Posted October 2, 2022 6 minutes ago, DriftBusta said: I watched an old episode of SNL from 15 I think last night. Michael Keaton was the host. I watched for a good half hour, and I don't think I laughed once. Just awful. Now show net worth. It will put those #s into a much clearer perspective. So to be fair you’d have to find statistics from the 80s for you boomers ya know when you were in your 30s. Adjust for inflation and see what it shows. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, Highmark said: Old but still good. I said that months ago…. But yeah that was me. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, 800renegaderider said: Gen Z — Average debt: $16,043 Millennials — Average debt: $87,448 Gen X — Average debt: $140,643 Baby boomers — Average debt: $97,290 Here's the average credit card debt broken down by generation: Generation Z: $1,963 Millennials: $4,322 Generation X: $7,155 Baby boomers: $6,043 Silent generation: $3,177 boomers really love that debt imagine being retired or close to it and you are still in debt no wonder a lot of them still work for “fun” 😂 https://www.cnbc.com/amp/select/average-credit-card-debt-by-age/ https://www.cnbc.com/amp/2021/10/13/how-much-debt-each-generation-has-in-the-us.html It’s kinda deceptive on the debt. We have cc debt each month but it gets paid off every month for cash credits. 1 Quote Link to comment Share on other sites More sharing options...
akvanden Posted October 2, 2022 Share Posted October 2, 2022 1 hour ago, Crnr2Crnr said: https://www.usdebtclock.org/ look at personal debt and personal savings then cringe... Assuming the debt includes mortgages? If so, they should normalize for it because uncollateralized debt would be much more telling. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted October 2, 2022 Share Posted October 2, 2022 Just now, akvanden said: Assuming the debt includes mortgages? If so, they should normalize for it because uncollateralized debt would be much more telling. It includes mortgages and older people tend to own homes with mortgages compared to the younger generations. Owing $100k on a mortgage is a lot differe than renting and owing $50k student loans, credit cards, and cars. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted October 2, 2022 Gold Member Share Posted October 2, 2022 4 minutes ago, Mainecat said: It’s kinda deceptive on the debt. We have cc debt each month but it gets paid off every month for cash credits. So millennials can’t do that too? Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted October 2, 2022 Share Posted October 2, 2022 6 minutes ago, akvanden said: Assuming the debt includes mortgages? If so, they should normalize for it because uncollateralized debt would be much more telling. 4 minutes ago, teamgreen02 said: It includes mortgages and older people tend to own homes with mortgages compared to the younger generations. Owing $100k on a mortgage is a lot differe than renting and owing $50k student loans, credit cards, and cars. not exactly the article I was looking for but here's a breakdown... https://www.experian.com/blogs/ask-experian/research/consumer-debt-study/ Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted October 2, 2022 Share Posted October 2, 2022 33 minutes ago, 800renegaderider said: So to be fair you’d have to find statistics from the 80s for you boomers ya know when you were in your 30s. Adjust for inflation and see what it shows. I was in my 20s until 87 but ok. If he's posting debt levels today of various generations, all that is relevant statisticaly is net worth today. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted October 2, 2022 Gold Member Share Posted October 2, 2022 6 minutes ago, DriftBusta said: I was in my 20s until 87 but ok. If he's posting debt levels today of various generations, all that is relevant statisticaly is net worth today. Ok so in your 30’s in the 80s ok late 80’s lol idk know your age I just took a guess. Here is the current data I found on wealth. Baby boomers own 50.4% of the country's wealth ($71.08 trillion), while Gen Xers own 29.9% ($42.16 trillion). Millennials, by comparison, own just 6.6% of America's wealth ($9.38 trillion). Quote Link to comment Share on other sites More sharing options...
Mainecat Posted October 2, 2022 Share Posted October 2, 2022 4 hours ago, 800renegaderider said: So millennials can’t do that too? I didn’t say it did. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member ViperGTS/Z1 Posted October 2, 2022 Platinum Contributing Member Share Posted October 2, 2022 Shit....I still use credit cards as revolving credit. Just have to be smart about it and use the 0.0 apr for 12 + months promotions. Borrowed 30k on 2 credit cards to help purchase a well undervalued 70k camp in NY. Got the money instantly without applying for a loan. Didn't even set foot in the place and turned around and sold the camp for 115k in 2 days being listed. Should be closing very soon and will pay off those cards and still have a lofty profit leftover.....which I will probably throw in the stock market....this is my play money. Any stock recommendations? Quote Link to comment Share on other sites More sharing options...
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