whisperonthewind

There is No Household Debt Crisis

I'm not sure exactly where everyone else is, and I'm not a millionaire, or even a thousandaire... if there is such a thing. But my household expenses haven't changed one iota, nor has my income changed in either direction. My loans are still paid on time, my credit cards are paid every month in full, my car is paid off, my insurance is paid, my taxes are paid. This is probably why I don't have a lot of money in the bank, but I have ENOUGH to stay in this position for now. My investments tanked, like everyone else's, but on a daily basis, my life hasn't changed at all. IF, as I hope, the market does go back up eventually, maybe my financial stocks won't laugh at me anymore. My oil stocks will tell me I was right to hold on to them. And here and there I'm picking up some stocks that are starting to look appetizing now. So for those of us who haven't been living beyond our ability to pay, this article isn't too far off base. For those who have that never-ending desire to surpass the Joneses, tough luck.