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I've heard bad stories about that place not making loan payments on time.
All international inspections are still normal. As are high risk foods like romaine.Bucky86 said:
Damn, a HE line of credit and a CC application bonanza and I can retire!Sound like I just increased my net worth.
Until the next housing bubble.Damn, a HE line of credit and a CC application bonanza and I can retire!
I can only speak for the four or five 20-somethings who work for me, but I haven't seen that at all. The girl who had to ask for a credit increase lives in an iffy area, brings her lunch everyday, and volunteers at a homeless shelter in her spare time. Maybe it's a difference between folks who choose public health work in Baltimore vs. people who pick the financial sector in Manhattan?
I work in technology, but I’d venture to say finance is equally as bad.
Meh. I think it has more to do with whether your job/dept/project is necessary for day to day operations. You could be working on an important long-term project but if you're not necessary to "keep the lights on" then you're non-essential.
I watched a whole news segment on Newsy last night about the FDA thing. They noted that they were strategizing effort, not that it had stopped.https://www.nbcnews.com/health/health-news/fda-resume-food-safety-inspections-tuesday-n958631
Sounds like it had stopped at one point?
Actually there are 3 levels and it's based on Agency etc. I'll speak in generalities.
We have both at my office.
I was going to say the opposite.
Sure, you can find people that didn't make bad decisions and are living paycheck to paycheck. Feels like the exception to the rule. Would you not agree?
It is semantic, to some extent.
You would probably be surprised to find out how many people are doing this. Odds are very high that if you could honestly poll a dozen of your neighbors, at least 8 of them would be in a situation that being out of work for 1 month would put them into "desperation mode" - i.e. paying for food, mortgage, utilities, etc would be near impossible for more than 1 month without their current income.
I think it's in general. I have a friend that isn't getting paid right now and will not be getting back pay (both husband and wife). It sucks and I do truly feel bad for their family. But at the same time, I know the combined income is well north of $250K, they go to Europe at least once a year, usually take a vacation in the US too, both drive $40K-$50K cars and the wife is on facebook whining that they don't have the savings to miss anymore paychecks. I try not to be too judgmental but that's just irresponsible if she's telling the truth and not just whining.
"Keeping up with the Jones' " is a saying for a reason. Between people keeping up certain appearances and a number of predatory lending practices, a ton of people get caught up in the race to present a certain facade.
I would say you can splurge on the newest smart phone, a newer car, etc.....when you aren't living paycheck to paycheck.
I think our society has been conditioned a certain way and we are too sheepish to realize or admit it. Watch TV a little and check the commercials.......the size of houses, the new cars, wife and 2 kids plus dog, send and pay for kids to go to college. We have been trained to spend and marry and procreate. Not many people own their vehicles, I mean don't have a payment. It seems that we have budgeted $500 a month at least in car payments. Something wrong with keeping a car and saving that money? Credit card debt is more common than many realize, but is 16-24% interest noticed?
I mean some people siphon off huge % of their income to tax-deferred accounts. I mean for someone making 100k, you can siphon off more than 22% of your gross, and effectively 35% of your net income in this manner without any issue.
I bet more people than you might think are in this position. There was a time surely as a younger man when I lived like this, but with mouths to feed, the notion of being in that position would positively terrify me.
While I agree that the banks had a hand in lending money freely without any ramifications...They got bailed out and didn't have to pay the piper when their loans defaulted.
I was shopping for a new mower last summer and these guys were bringing up financing to me. I kept thinking "if I need to finance a lawnmower, I cannot afford a lawnmower"
I agree with you but if you are putting a ton in your 401k and have basically nothing liquid to survive missing a paycheck (or two), you are doing it wrong.
I thought the max was $18.5k <50, with an extra 6k >50. I m all about saving, but you should have some liquidity in case of emergency.
Agreed - I went with my sister and nephew last weekend to the "puppy" store and it wasn't 5 minutes into the pitch that they brought up financing the 2K puppy. Let alone the constant upsell of every dog product inside the store.
I am a dog person and a rescue dog adopter. Don't get me even started on this. Buying a dog is lud-a-cris, spending 2k is idiotic, financing this is insane.
I don't disagree with you, especially when it comes to "most people". Your average person should be able to determine what kind of mortgage they can afford. Or at least be able to tell when they are stretching themselves very thin. Lots of people will still convince themselves they can handle it and/or will be in a "better position in a year".
A lot of good stuff here. We're a country of consumption. We lack accountability, always blaming someone else instead of looking in the mirror. And the pressure to have kids is very real...then consider the medical costs to actually have said kid. The costs to care for them until they're in school. The costs for a house of reasonable enough size to shelter you, your spouse, and however many kids you spit out. Then the costs to educate them. And the costs they have to eat themselves for that education. And the cycle continues. And that's just baseline stuff. The costs for having kids now cannot be compared to previous generations. Sure they got taken to the cleaners in other areas, but they weren't fixed costs like is the case now.
My point here is he will probably say bought, but that means you will own the vehicle at some point in the future and have no payments. People nowadays conflux buy and lease. I bought a new A4 (but actually leased) , so I dropped money down, have limited miles and need to do this again in 3 years.
I am familiar with your situation. I think an issue we have as a country as well is that the majority of us are a devastating diagnosis away from ruin.
My kid, at 19, has roughly double the savings of AOC. We tend to look askance at younger generations as being different. They're not. Still the same percentage breakdown of great folks and idiots.
Healthcare required not due to poor diet or poor personal decisions(smoking) is probably the best excuse for living paycheck to paycheck.
