Dept
I turns out that the average person my age is in dept $2,500 dollars in credit card dept. I must be 100 times as frugal. I only have $25 dollars of dept on my card and I plan to pay it of within the month.
One one hand, there is something to be said about consumerist culture. When money moves rapidly, jobs are generated and everyone generally gets wealthier.
On the other hand, too much spending can really backfire. I mean, one could end up in a cheap apartment with barely enough money to feed oneself and pay the rent. Monthly payments aren't fun.
Oh well... If the economy turns around sometime soon maybe we won't have to worry about it. If it doesn't... well... what can we do about it? Not much.
(The statistics come from BusinessWeekOnline just so nobody thinks I'm makeing this up)
One one hand, there is something to be said about consumerist culture. When money moves rapidly, jobs are generated and everyone generally gets wealthier.
On the other hand, too much spending can really backfire. I mean, one could end up in a cheap apartment with barely enough money to feed oneself and pay the rent. Monthly payments aren't fun.
Oh well... If the economy turns around sometime soon maybe we won't have to worry about it. If it doesn't... well... what can we do about it? Not much.
(The statistics come from BusinessWeekOnline just so nobody thinks I'm makeing this up)
posted by Andrew Stine at 12:19 PM
0 Comments:
Post a Comment
<< Home