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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (572)	10/18/1998 4:10:00 PM
From: Frodo Baxter	Respond to of 2794

>Something screwy about this statement? If a person takes home $100, 000 after tax and deductions, he then has his normal living expenses. His disposable income is what is left after that and, if the statistic is correct, he then has only 7% of what is then left for discretionary items, including savings (from what I've read very little goes there) You read it incorrectly. 93% is TOTAL consumer debt, which is not quite the same thing as YEARLY consumer debt. What you're thinking of is debt-service burden. If you had taken the time to read the link from the Fed I had provided, you would see that debt-service is 17% or so.