Personal Debt in the USA is out of control

[AAKing23]

I hope you gonna buy a used one that's like 3 years old or you gonna take a bath on the depreciation of a luxury EV some of these shyts are losing damn near 50% of their value in less than 2 years.

For sure, I would never buy a new car, only used

The EV depreciation is working to my benefit

 

[NoMorePie]

this is what happens when you take your brand new 2025 EcoBoost superduty crewcut cabin wagon max pickup track to Costco to spend $400 on your weekly haul and then drive on to burger king to spend $30 on dinner then drive back home to your 1.2 million dollar home you can't afford them kick back and relax on your $1000 couch and turn on your $2500 OLED tv while scrolling through your $2200 iPhone 19 max plus super that you're paying $75 a month for while ignoring those shows that you're watching with your YouTube tv subscription

 

[cyndaquil]

$117K in credit card debt will crush you. That shyt is probably north of 20% interest. The compounding on it will end up wiping them out.

117k in credit card debt building interest vs in an investment portfolio is such a night and day difference.

 

[chineebai]

So they would spend money on a card, then roll that over to a 0% APR card, then kept that process going for like 19 cards according to the video, which is crazy because a transfer to a 0% APR will still cost 3% for most cards. This couple is highly irresponsible, and flat out does not know how to stop spending. They are treating credit cards like a money tree . I would have just declared bankruptcy.

 

[winb83]

So they would spend money on a card, then roll that over to a 0% APR card, then kept that process going for like 19 cards according to the video, which is crazy because a transfer to a 0% APR will still cost 3% for most cards. This couple is highly irresponsible, and flat out does not know how to stop spending. They are treating credit cards like a money tree . I would have just declared bankruptcy.

The woman was talking about she has to give away 10% of her money and won't compromise on it. They about to file for bankruptcy and live in a trailer on her parent's property and she still taking about giving. She's literally borrowing to give away and taking on debt for it. People are crazy.

 

[Dwayne_Taylor]

I couldn't imagine having that much debt. I'd ready to commit that lol

 

[cyndaquil]

So they would spend money on a card, then roll that over to a 0% APR card, then kept that process going for like 19 cards according to the video, which is crazy because a transfer to a 0% APR will still cost 3% for most cards. This couple is highly irresponsible, and flat out does not know how to stop spending. They are treating credit cards like a money tree . I would have just declared bankruptcy.

 

[King_Kamala61]

Most people debt is in purchases of gifts for other people, esp children. Christmas has the black community in a chokehold and I for one how I was indoctrinated in it by my parents and Grandparents. As an adult I couldn't imagine getting a credit card to buy gifts for an event when you can buy shyt year round and not accumulate so much debt.

Meanwhile we don't have anything of value on avg to pass down of generations.

I wish the black community would invest in fine art. But y'all not tryna hear me.

 

[RedCloakBlackWraithe]

Fixed that for you

One bank robbery ain't getting them out of all that debt

Don't ask me how I know

shiiiiiiiieeeeeeet

 

[Chrishaune]

So they would spend money on a card, then roll that over to a 0% APR card, then kept that process going for like 19 cards according to the video, which is crazy because a transfer to a 0% APR will still cost 3% for most cards. This couple is highly irresponsible, and flat out does not know how to stop spending. They are treating credit cards like a money tree . I would have just declared bankruptcy.

I don't think people realize right now there are companies sending out debt relief program offers to cut people's debt in half if they get on a payment plan with them.

They might not be as in bad of shape as it sounds.

but they still need to get their spending under control.

 

[RedCloakBlackWraithe]

Most people debt is in purchases of gifts for other people, esp children. Christmas has the black community in a chokehold and I for one how I was indoctrinated in it by my parents and Grandparents. As an adult I couldn't imagine getting a credit card to buy gifts for an event when you can buy shyt year round and not accumulate so much debt.

Meanwhile we don't have anything of value on avg to pass down of generations.

I wish the black community would invest in fine art. But y'all not tryna hear me.

or Gold, something valuable anywhere in the world for the same value worldwide. but defo not diamonds them shyts is everywhere and now lab diamonds are even cheaper and guaranteed conflict freeeeeeee

 

[Amo Husserl]

My wife wants to leave me because of our finances.

Let that sit there for a minute... let it sit there...

Nah, I ain't watch more of the video... how she tryna leave for a problem she helped create?



Y'all goin' down in these Titanic marriages.

 

[Bigblackted4]

140 in consumer debt

 

[SoulController]

I see these videos with these crazy amounts and I'm just like how?!

No debt / no car payment / pay off credit cards every month

fam, im on that no mail shyt and its addicting

car paid off

crib in the next 3-4 years

going to just be the land taxes and food

 

[Supa]

I live in NYC , and people have suggested me that I should get a car.

I cut those people off my life immediately.


car notes seem to start at a minimum $500 for an average car , then you add insurance , gas and maintenance

Monthly Metro Card for $130

I'm never owning a car as long as I live in NYC.