The Link Between Debt and Death

Scientific Playa

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clear tables and map in the original story link

http://www.debt.com/private/mortality-map?preview=true


Mortality Rates By State
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The Link Between Debt and Death
People die more often in states with low average incomes and where more people have debt in collection
By Brandon Ballenger

This map shows U.S. crude mortality rates — how many people per 100,000 died in a year — and median incomes from 2013. Hover your cursor over a state to see how it ranks for both, and click a state for details. Check it out, then see our analysis below.

We got mortality data from the Centers for Disease Control and Prevention, median income from the Census Bureau, and debt collection data from the Urban Institute (which got it from TransUnion).

State Mortality rank Income rank State Mortality rank Income rank State Mortality rank Income rank
West Virginia 1 48 Florida 18 39 Wyoming 35 13
Alabama 2 47 Indiana 19 34 Idaho 36 38
Arkansas 3 49 Vermont 20 20 Maryland 37 1
Mississippi 4 50 Kansas 21 27 Nevada 38 26
Maine 5 35 Wisconsin 22 24 New York 39 16
Pennsylvania 6 22 Oregon 23 28 Arizona 40 30
Oklahoma 7 41 North Dakota 24 19 Virginia 41 8
Kentucky 8 46 Delaware 25 15 Minnesota 42 9
Ohio 9 32 North Carolina 26 40 Georgia 43 33
Tennessee 10 42 Nebraska 27 25 Hawaii 44 4
Missouri 11 37 South Dakota 28 29 Washington 45 14
Montana 12 36 Connecticut 29 5 Texas 46 23
Iowa 13 21 New Hampshire 30 7 California 47 10
Louisiana 14 43 Massachusetts 31 6 Colorado 48 12
Michigan 15 31 New Mexico 32 45 Utah 49 11
South Carolina 16 44 Illinois 33 17 Alaska 50 2
Rhode Island 17 18 New Jersey 34 3 Data correlation r = -0.6717

Analysis
A new Pew Charitable Trusts report highlights the financial fragility of Americans — less than half of households have enough money saved to replace one month of income in case of job loss. A similar number are spending everything they make or more, and 8 percent are “debt-challenged,” meaning their payments are more than 41 percent of their income.

“Despite the national recovery, most families feel vulnerable and stressed, and could not withstand a serious financial emergency,” the report says.

We were interested in the correlation between the stress of debt and well-being, since previous academic research has shown debt has a negative impact on mental health and is associated with several health risks.

Using data correlation functions in Microsoft Excel, we saw a weak positive relationship (r=0.2587) between state mortality rates and the population with debt in collections. But we found a much stronger negative relationship (r=-0.6717) between mortality and median (typical) income.

What does that mean? We don’t have to get technical. Even without looking at graphs or knowing how those numbers work, you can look at the table above and see what’s going on. A state like West Virginia has the highest mortality rate and nearly the lowest median income, while Alaska has the lowest mortality rate and the second-highest income. South Dakota is middle-of-the-road for both. Meanwhile the weaker relationship, which was positive, suggests mortality goes up as default on debt does.

It’s worth noting the adage “correlation does not imply causation” — we’re not saying debt kills you or that being poor means you die sooner, because we don’t know that. (There’s a whole website dedicated to bizarre correlations.) But we’re pretty sure that debt isn’t good for your health.
 

Scientific Playa

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Many Americans Are Deeply ‘Enslaved’ And Don't Even Know It
February 24th, 2015


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Michael Snyder: Most Americans spend their lives working for others, paying off debts to others and performing tasks that others tell them that they “must” do. These days, we don’t like to think of ourselves as “servants” or “slaves”, but that is what the vast majority of us are. It is just that the mechanisms of our enslavement have become much more sophisticated over time.

It has been said that the borrower is the servant of the lender, and most of us start going into debt very early into our adult years. In fact, those that go to college to “get an education” are likely to enter the “real world” with a staggering amount of debt. And of course that is just the beginning of the debt accumulation. Today, when you add up all mortgage debt, all credit card debt and all student loan debt, the average American household is carrying a grand total of 203,163 dollars of debt.

Overall, American households are more than 11 trillion dollars in debt at this point. And even though most Americans don’t realize this, over the course of our lifetimes the amount of money that we will repay on our debts is far greater than the amount that we originally borrowed. In fact, when it comes to credit card debt you can easily end up repaying several times the amount of money that you originally borrowed. So we work our fingers to the bone to pay off these debts, and the vast majority of us are not even working for ourselves. Instead, our work makes the businesses that other people own more profitable. So if we spend the best years of our lives building businesses for others, servicing debts that we owe to others and making others wealthier, what does that make us?

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

CLICK HERE to get your Free E-Book, “The Little Black Book Of Billionaires Secrets”
In 2015, the words “servant” and “slave” have very negative connotations, and we typically don’t use them very much.

Instead, we use words like “employee” because they make us feel so much better.

But is there really that much of a difference?

This is how Google defines “servant”…

“a person who performs duties for others, especially a person employed in a house on domestic duties or as a personal attendant.”

This is how Google defines “slave”…

“a person who is the legal property of another and is forced to obey them.”

This is how Google defines “employee”…

“a person employed for wages or salary, especially at nonexecutive level.”

Yes, most of us might not be “legal property” of someone else in a very narrow sense, but in a broader sense we all have to answer to someone.

We all have someone that we must obey.

And we all have obligations that we must meet or else face the consequences.

At this point, Americans are more dependent on the system than ever before. Small business ownership in the U.S. is at a record low, and the percentage of Americans that are self-employed has fallen to unprecedented levels in recent years. From a very early age, we are trained to study hard so that we can get a good “job” (“just over broke”) and be good cogs in the system.

But is that what life is about?

Is it about being a cog in a system that ultimately benefits others?

Perhaps you don’t think that any of this applies to you personally.

Well, if someone came up to you and asked you what you truly own, what would you say?

Do you own your vehicle?

Most Americans don’t.

In fact, today the average auto loan at signing is approximately $27,000, and many of them stretch on for six or seven years.

What about your home?

Do you own it?

[ Related: Economist Says Hyperinflation Is Coming In 2015; Buy Gold, Silver, Bottled Water And Other Essential Items Now! ]
Most Americans don’t.

In fact, overall the banks have a much greater “ownership” interest in our homes and our land than we do.

But even if you have your home totally “paid off”, does that mean that you actually “own” it?

Well, no, not really.

- See more at: http://marketdailynews.com/2015/02/...d-and-dont-even-know-it/#sthash.hjU80Xhd.dpuf
 

Scientific Playa

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Just see what happens if you quit paying your property taxes (rent) to the proper authorities.

So if they can take your home away from you for not paying rent (property taxes), do you really own it?

That is something to think about it.

Have you ever wondered how billionaires continue to get RICHER, while the rest of the world is struggling?

"I study billionaires for a living. To be more specific, I study how these investors generate such huge and consistent profits in the stock markets -- year-in and year-out."

CLICK HERE to get your Free E-Book, “The Little Black Book Of Billionaires Secrets”
What about all of your stuff?

Do you own it?

Perhaps.

But a very large percentage of us have willingly enslaved ourselves in order to acquire all of that stuff.

Today, the typical U.S. household that has at least one credit card has approximately $15,950 in credit card debt.

And if you do not pay off those credit card balances, the credit card companies will unleash the hounds on you.

Have you ever had an encounter with a debt collector?

They can be absolutely brutal. And they use those tactics because they work. In fact, they are so good at what they do that many of those that own debt collection companies have become exceedingly wealthy. The following is from a recent CNN article

Yachts. Mansions. Extravagant dinner parties. Life is good for the founders of one of the nation’s biggest government debt collectors.

That firm, Linebarger Goggan Blair & Sampson, rakes in big money from government contracts that allow it to pursue debtors over toll violations, taxes and parking tickets. While the debts often start small, the Austin-based firm charges high fees, which can add hundreds or even thousands of dollars to the bill.

After growing this business from a small Texas law firm in the late 1970’s to a nationwide debt collection powerhouse, the firm’s founders and top brass have walked away with millions of dollars.

And I haven’t even mentioned our collective debts yet.

We have willingly chosen to collectively enslave ourselves on a local, a state and a national level.

It is bad enough that we are doing this to ourselves. But we are also cruelly saddling future generations of Americans with the largest mountain of debt in the history of the planet. The following is from my previous article entitled “Barack Obama Says That What America Really Needs Is Lots More Debt“…

When Barack Obama took the oath of office, the U.S. national debt was 10.6 trillion dollars. Today, it has surpassed the 18 trillion dollar mark. And even though we are being told that “deficits are going down”, the truth is that the U.S. national debt increased by more than a trillion dollars in fiscal 2014. But that isn’t good enough for Obama. He says that we need to come out of this period of “mindless austerity” and steal money from our children and our grandchildren even faster. In addition, Obama wants to raise taxes again. His budget calls for 2 trillion dollars in tax increases over the next decade. He always touts these tax increases as “tax hikes on the rich”, but somehow they almost always seem to end up hitting the middle class too. But whether or not Congress ever adopts Obama’s new budget is not really the issue. The reality of the matter is that the “tax and spend Democrats” and the “tax and spend Republicans” are both responsible for getting us into this mess. Future generations of Americans are already facing the largest mountain of debt in the history of the planet, and both parties want to make this mountain of debt even higher. The only disagreement is about how fast it should happen. It is a national disgrace, but most Americans have come to accept this as “normal”. If our children and our grandchildren get the opportunity, they will curse us for what we have done to them.

So can we really call ourselves the “home of the brave and the land of the free”?

[ Related: The Future Of America: Smart Meters And The “Internet of Things” ]
Isn’t the truth that the vast majority of us are actually deeply enslaved?

Please feel free to share what you think by posting a comment below…

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This article is brought to you courtesy of Michael Snyder.

- See more at: http://marketdailynews.com/2015/02/...and-dont-even-know-it/2/#sthash.EzQrtidE.dpuf
 

hashmander

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thoughts bouncing all over the place is a nonsensical fashion. never listen to someone who writes things like this: "and steal money from our children and our grandchildren even faster." you can't steal money from them, jesus fukkin christ. next we'll be reading about how we balance our household budgets and govts should too.
 
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