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Two things: 1. Our economy is based on consumption and...

Posted on: July 31, 2024 at 13:28:04 CT
Gyro MU
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2. Consumption is commonly based on the incurring of debt: the economy booms when people buy houses, vehicles, large appliances, computers and so on. These are very often on an installment basis / loan / credit card.

What percentage of people pay all cash for a house? Or buy a car with all cash and don't have a loan? It's a tiny minority.
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hey Doc! People going into debt to travel - Spanky KU - 7/31 12:24:08
     Two things: 1. Our economy is based on consumption and... - Gyro STL - 7/31 13:28:04
          A vacation is nothing similar to a home purchase - Spanky KU - 7/31 15:09:36
          Nothng wrong with debt on big ticket items - meatiger MU - 7/31 13:47:38
               debt on anything other than house is stupid(nm) - tman MU - 7/31 14:03:14
                    RE: debt on anything other than house is stupid(nm) - meatiger MU - 7/31 14:05:13
          40% of homes have no mortgage. - Chievous'Bandaid MU - 7/31 13:29:25
               That's irrelevant... - Gyro STL - 7/31 13:32:16
                    That's too big of an assumption. - Chievous'Bandaid MU - 7/31 13:34:39
                         No it's not... - Gyro STL - 7/31 14:02:29
     This is a moral hazard: - ummmm MU - 7/31 12:51:42
     love this - 90Tiger STL - 7/31 12:46:51
          Very sad - meatiger MU - 7/31 13:46:37
          I should've read your post first. - ummmm MU - 7/31 12:52:28
     sounds like thomas jefferson - couldn't handle money ... - tmcats KSU - 7/31 12:39:09
          sounds like you - FootballRefugee MU - 7/31 12:53:39
               reply ... - tmcats KSU - 7/31 12:54:20
                    bless your heart - FootballRefugee MU - 7/31 12:55:22
                         just keeping your facts straight(nm) - tmcats KSU - 7/31 12:56:18
                              and ... - tmcats KSU - 7/31 12:58:18
                                   and ... - tmcats KSU - 7/31 13:01:52
                                        and ... - tmcats KSU - 7/31 13:13:02
          Shut up retard boomer (nm) - Columbian Gold MU - 7/31 12:47:22
               you seem triggered?(nm) - tmcats KSU - 7/31 12:53:37
     The majority of people don't care about debt anymore - Sal CMSU - 7/31 12:34:32
     Student loans woked out so why not? - Coors4bob STL - 7/31 12:31:02
          Good call, say your credit card was a student loan and get - MU-TULSA MU - 7/31 12:36:49
     Next government bailout just like student loan debt.(nm) - Tigrrrr! MU - 7/31 12:30:39
     tHeY nEeD tO bE pAiD a HiGhEr WaGe (nm) - mizzouSECedes STL - 7/31 12:26:58
          RE: tHeY nEeD tO bE pAiD a HiGhEr WaGe (nm) - MOCO SON MU - 7/31 13:04:18




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