LIE: It’s my fault I’m in so much credit card debt.
TRUTH: The truth is, the system is designed to put us in debt. The system relies on us being in debt. Who remembers the stimulus plan? Does anyone also remember the point of the stimulus plan? I can tell you right off the top of my head, the point was NOT to get you to put that money into a savings account for the future. I can tell you right off the top of my head that the point was to get you to spend that money on TVs and cars and clothes and other junks you don’t really need.
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So I’m watching some business, finance show on TV, and this so-called expert goes on and says “if Americans don’t spend enough this holiday season, we could see a market crash.”
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According to the National Retail Federation, more consumers than last year are turning to cash this holiday season. Almost 25% of consumers plan on using cash only this holiday season to pay for gifts.
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Good luck.
No, seriously, good luck. You’re going to need it. Take it from someone with personal experience. I have been harassed. My family has been harassed. Even my neighbors have been harassed, all because of my debt. These people lack morals. It’s not like you can easily call the police either. “Excuse me, officer, I keep getting phone calls because I can’t afford to pay my bills.”
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Ok, I just read that 1 in 7 Americans has 10 or more credit cards. Honestly, I thought the number would be higher. I just checked my wallet to see how many credit cards I have; what’s truly terrifying is I’m not entirely sure. How much do you want to bet that it would be more like 3 in 7 Americans or higher that have 10 or more credit cards if they actually knew how many they had.
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