10 states leading in consumer debt
Americans may be working to reduce their debt, but in some states they're still carrying a heavy burden. These 10 show the highest revolving debt load per person.
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My parents never owned a credit card. If they didn't have the money, they didn't buy it. They raised a family of 5 on small farm. They were poor, they remembered and went through the depression. They had huge gardens and canned for our food. If we didn't grow it we never ate it. We all worked as soon as we could. Dad, said often "If you don't work you don't eat". I live by that today, all of us kids grew up with a strong work ethic. None of us took welfare, we took second jobs, or more to meet the need. Today I have neighbors on welfare all around me in my life, I see them buying boats, going on vacations, buying bigger homes, that I couldn't afford, and yet they are using my tax dollar to do it. But I'm proud to be an American, but not any longer proud of America and where it is going....down the tubes. I have never taken a handout from the government and neither did my Dad and Mom. I say that with pride....a word many young today don't have, they have a "Take what I can get, when I can get it", attitude. I thank God that I always found work somehow to make ends meet. Sometimes doing haircuts, cooking, babysitting, etc. If we all lived within our means, no one would be in debt, including the government. I hate paying taxes with tons of bond issues that is going into something that should have been saved for. Its the taxes from the hard working Americans paying for the welfare of America. Its going to be worse yet with Obamacare. There, I got it off my chest, not that its going anywhere. Does anyone agree with me?
I'm better off now than I was (4) years ago because when the economy was good, I was a graduate student while paying off some of my loans. During the good times, I was always a student while learning and forging other workable skills. I don't wait to get hired anymore, I'm a contractor, I plan my days and my salary. I don't use credit cards and I don't own a home that I can not afford. My car is a 2009 and I will keep it until it falls apart.
I have faced the new reality. I don't buy the new stuff - everything will run its course and I can wait. If we in America will admit it, those that don't have jobs or can't find work are the same people that did not have jobs before when the economy was booming.
Its easy to ask "where are the jobs" but now you have to ask yourself if you have any employable skills. If you don't, you have no-one to blame but yourself and don't be afraid to jump ship when you hear that your position is going south. I jumped from banking and finance and have never regretted that, I downsized before I was made to and I live below my means - its noodles this month!
I'm saving to relocate so I am buying nothing until I leave the south and land on the west coast - close to Canada! Something just tells me that no matter who the next president is, America is going to explode at some point and I plan to be near the Canadian border when it does.
No shame in my game at all!
"As the economic recovery finally sets in for many Americans" ??? WTF!!!!!
I'm not sure what fantasy planet YOU live on, there KALI, but on THIS planet of reality 'many Americans' are broke, permanently out of work and in deep deep trouble in a COLLAPSING CONTRACTING and DEBT ridden economy. And guess what?? IT'S GETTING MUCH MUCH WORSE not better.
Then grow some brains and stop reacting so emotionally to articles like this. Sheesh! "What a bunch of Maroon's"!!!, to quote a famous line...
This artical is about PERSONAL debt, not the debt of the state.
Leave it to MSN!
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