Monday, March 6, 2017

Oh Boy! Half the people in the US cant write a $500 check

Zerohedge:

(snip)

It is what he said next that caught our attention: “The reality is, half of Americans can’t afford to write a $500 check,” Colberg said. He spun that stunning statistic by saying that when US customers sign up for a cellular plan, they’re willing to buy protection in case “they lose that phone or something happens to it.”
In other words, there are millions of Americans who don't have $500 in the bank but are willing to dish out more than that on a cell phone, and then are stupid enough to make monthly payments that ultimately end up being far higher than $500 to protect their purchase... which they clearly couldn't afford in the first place.
If you are one of these people than you are in trouble. You can read my articles on how to get your financial house in order. 


No comments:

Related Posts Plugin for WordPress, Blogger...