Episode 788 - Stop Talking About Income Inequality - It's Personal Debt Stupid

Episode 788 - Stop Talking About Income Inequality - It's Personal Debt Stupid

0 0 5 months ago
Consumer debt is about $19 trillion dollars. The average personal debt is up to $38,000, credit card debt is 25% of all debt, 2 in 10 Americans spend 50% - 100% of their monthly income on debt repayment. Where the money going? 15% goes to dinning, 14% gotes to clothing and personal care, and 13% goes to personal passions or hobbies. The economy is good and people and spending more - badly. They are using their credit cards but not paying down their debt. Income inequality happens when ... See More

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  2. 22:46
    - 077295165-new-york-city-no-vocals-boom-b

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