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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (20989)	7/9/2002 3:09:32 AM
From: S. maltophilia	Read Replies (1) \| Respond to of 74559

<<retirees are grappling with large credit card debt>> A natural consequence of their being taxed by Greenspan to finance the bubble. A 5-6 digit nest egg invested in fixed income is a poor supplement to social security, and too many folks don't even have that.

To: Snowshoe who wrote (20989)	7/9/2002 4:49:11 AM
From: EL KABONG!!!	Read Replies (1) \| Respond to of 74559

Snowshoe, I can attest to first-hand viewing (many times) people buying groceries on their credit cards, and I'm not talking about people trying to increase their mileage on some airline affiliated credit card... The problem is much more pervasive than one might reasonably expect. While we all tend to leap to the (erroneous) conclusion that it's the folks at the bottom end of the economic scale that do stuff like this (charging necessities to a credit card), in reality it's actually folks that we tend to think of as being better off (financially speaking)... The piper will have to be paid some day I fear... KJC