You In Debt? THIS Is Why You Are Screwed!

in #debt3 years ago


Debt keeps piling up. It’s a real burden. But is it just you? What type of debt is most affected by the coming collapse? You need to know the truth.


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Sources Used in This Video:
https://goo.gl/UpprQe

https://s3-us-west-2.amazonaws.com/maven-user-photos/mishtalk/economics/zmfATcSa4EegwR7v_znq6Q/7xWme5tZM0q8SGpUP6_2Kw (1324×749)
https://imageproxy.themaven.net/https%3A%2F%2Fs3-us-west-2.amazonaws.com%2Fmaven-user-photos%2Fmishtalk%2Feconomics%2FzmfATcSa4EegwR7v_znq6Q%2F7xWme5tZM0q8SGpUP6_2Kw?w=1324&q=75&h=749&auto=format&fit=crop
DXDfJvNW4AEv5Cq.jpg (1200×561)

personal-interest-pyaments.png (1646×792)

real-personal-incomerevolving-credit.png (1638×776)

savings.png (1452×772)

Inflation is in the Rear-View Mirror - Mish Talk
https://www.themaven.net/mishtalk/economics/inflation-is-in-the-rear-view-mirror-VbBailr6KUmdA_mD2UqFdg
ECB to chart steady course in March meeting: sources
https://www.reuters.com/article/us-ecb-policy/ecb-to-chart-steady-course-in-march-meeting-sources-idUSKCN1GD5RJ
D.C. Public Schools graduation rate on track to decline this year - The Washington Post
https://www.washingtonpost.com/local/education/dc-public-schools-graduation-rate-on-track-to-decline-this-year/2018/03/01/3429790a-1cdc-11e8-b2d9-08e748f892c0_story.html?utm_term=.a4128e26082d


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One of the biggest suprises is the heavy number of student loans. These loans you cannot declare bankcrupcy on and have people with an anchor around their necks for years.

I feel sorry for most people who will struggle with higher interest rates, but there are a group of people living it up on debt at the moment and they aren't being at all modest about it. I'm talking about the supercars, champagne, property speculation, designer clothes and all mod cons paid for on credit as though the good times will never end. I won't feel sorry for them, and ironically these people will be the first people to scream injustice when it all goes wrong.

Debt is absolutely a burden, thanks for informative video. I appreciate the post and am now officially moving over from YouTube to watch your videos.