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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (12933)	10/6/2004 11:12:32 AM
From: yard_man	Respond to of 116555

That was a keeper, Mish. I can see a lot of wisdom in the old testament concept of Jubilee ...

To: mishedlo who wrote (12933)	10/6/2004 6:26:33 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

Of all the facts about debt, from Bankrate.com you posted, I think these two are the most revealing: • Some 40 percent of American families annually spend more than they earn. • Average personal wealth of a 50-year-old American, including home equity: less than $40,000. biz.yahoo.com Message 20607818

To: mishedlo who wrote (12933)	10/7/2004 9:13:36 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 116555

Average per household debt in the U.S., not counting mortgage debt, is about $14,500 -- especially i was going to say that's crazy, average credit card balances CAN'T be that high. but then i remembered your just talking about non-MORTGAGE debt. and certainly the biggest part of that must be cars. since most people buy cars on credit, 14.5K is not surprising.