Quote:
Originally Posted by mjj
I think the truth is the average person is not getting by… more credit card debt, less savings and minimal if any contribution to retirement.
|
You have to be correct, I see no other way except for established family members chipping in to help as well.
We have lost 20% of our buying power in 4 years, and there is no end in sight. What’s incredible is that as bad as things are now, we are nowhere near some traditional interest rate areas. Could you imagine 12-15% on homes and cars as a norm (and that’s with an 800+ credit score) in present conditions? Too horrible to imagine.
Add in the prospect of Iran starting a regional war and the Strait getting shut down, we might all be walking soon. I work remote from home and filled up both cars last night. I could last until August at least.
