I wish i’d seen or knew about this info 4 yrs ago ;(. that’s when i start using my C-cards & got my Student loans like it was free, money. Now i;m stuck with 16-33% interest rate…well thanks anyway;)
As somebody who in the past worked in accounting and finance, your graphics really help regular people understand basic concepts in economics and personal finance, thank you.
Very cool graphs, keep them coming.
It is perfectly true. Most Americans have the habit of spending more and earning less. No economy can sustain such lavish life styles. This is one big reason of rich becoming richer and poor becoming poorer. The credit cards are pretty much like casinos, who bet on the maximum debt on an individual.
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Credit is not your friend. Don’t be a moron.
credit/interest = the opposite of saving.
If you want less tomorrow, use credit today.
I wish i’d seen or knew about this info 4 yrs ago ;(. that’s when i start using my C-cards & got my Student loans like it was free, money. Now i;m stuck with 16-33% interest rate…well thanks anyway;)
[...] A Lifetime of Debt: The A… [...]
Thank you for this representation. It is so sad and so true. Got any answers? God says usury is sinful. We all seem to get caught in the trap.
As somebody who in the past worked in accounting and finance, your graphics really help regular people understand basic concepts in economics and personal finance, thank you.
Very cool graphs, keep them coming.
It is perfectly true. Most Americans have the habit of spending more and earning less. No economy can sustain such lavish life styles. This is one big reason of rich becoming richer and poor becoming poorer. The credit cards are pretty much like casinos, who bet on the maximum debt on an individual.
We do not need to borrow to live.
Borrowing keeps the
money controllers rich.
A bad credit rating can be good.
Do not borrow. Save and then buy.
Including your first home.
Build your home yourself. I did.
Look what debt as done to our
country.
[...] can find a full-size version of this graphic here. Share and [...]
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