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      10-04-2019, 11:11 AM   #25
Run Silent
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Quote:
Originally Posted by Stage IV View Post
Interesting article regarding American consumers and their auto loans

https://www.caranddriver.com/news/a2...ensive-longer/
That is freaking insane. Who the hell thinks financing a depreciating asset over that long makes any sense whatsoever.

Financial morons - the lot of them.

Quote:
Originally Posted by NickyC View Post
Exploding costs, stagnant wages, and the never ending lust for expensive items. Something's gotta give.

My favorite doom article this week put the average family cost for health insurance now at $20k per year.

All of this is absolutely sustainable by the way, debt is awesome.
That can't be right. There is no way that the average family insurance premium is $1,667 a month. That is not possible. I've never known anyone to have family premiums over even half of that. Most places I've worked or my wife has worked typically had family premiums of around $400-$600 per month. Mine is currently $0, since my company pays for all insurance, though.

I've seen some programs where it was as high as $800 for a family - but twice that?

I'm calling bullshit.

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