From 60 minutes....Young people living LAVISH strictly on credit cards

[Cakebatter]

Social Media

That video was from 2008, so you talking about Facebook and Myspace?

 

[Clayton Endicott]

Social Media

They're not called influencers for nothing

 

[Panther]

The American way

 

[downtheline]

Now is the time to become a bankruptcy lawyer

 

[Orange cream shake]

My husband said after pay got everybody living the good life. I think you can after pay some luxury brands and most retail. I have anxiety when I owe people. I have a credit line with no interest for some upgrades I did and should be paid off shortly. Other than that I only have a mortgage. I haven’t been in credit card debt(outside of my home upgrades) in years and I do not miss it.

 

[Uchiha God]

 

[Sampson]

No debt here. House paid off. Mutual funds and healthy savings. Haven’t had a car note or credit card in years. That’s how things should be. Don’t give these companies free money

 

[Bleed The Freak]

Her parents are co-signers.

Don't get it twisted

 

[levitate]

That video was from 2008, so you talking about Facebook and Myspace?

Facebook was popping before then.

 

[OneManGang]

Yo they violated her with that projected 40 yo projection. Had her looking 80

 

[sayyestothis]

$1500 a week she spends on her credit card

$6,000 a month basically.. got damn

My cc bills like 12k a month man. They paid off every month and I got a family but that's not that high

 

[Louisville Slugz]

Being irresponsible >>>>

 

[OneManGang]

My cc bills like 12k a month man. They paid off every month and I got a family but that's not that high

You are older and responsible and have a decent job I’m assuming though.

She young and still live off mommy and daddy

What I’m not understanding is, is she only paying the monthly minimums and opening up more lines of credit? How tf she get a car with no down payment or collateral money?

 

[jilla82]

The American way

breh thats Australia

 

[GzUp]

Other than my student loans I have about $1,000 in debt. I spend very little as well. Credit score is 740ish. I could be doing better so far as income goes but at least I'm not up to my neck in debt.

U paid off ur house?