What percent of US citizens have money problems or go into debt?

What percent of US citizens have money problems or go into debt?
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You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Description : You find yourself totally out of debt, no rent, no house payment, no car payment, no loans what so ever, what would it take for you to go back into debt?

Last Answer : If my children really needed help.

If the person I owe money to dies, do I still owe the debt?

Description : If the person I owe money to dies, do I still owe the debt?

Last Answer : I think the money is still owed even after death. This person is probably the executor of the estate, to put a face on things.

How can I get my money back from a unauthorized debt?

Description : How can I get my money back from a unauthorized debt?

Last Answer : WHY ARE YOU YELLING!?

What is the break point of debt in a country and or person?

Description : What is the break point of debt in a country and or person?

Last Answer : Credit card debt compounds DAILY to maximize income from banks at the expense of people who see few options and/or don't really understand or are avoiding thinking about how evil that is. That means that both ... it at about $33 per day, so you'd be gaining about $1000 debt per month from interest.

Can you be arrested for credit card debt?

Description : Can you be arrested for credit card debt?

Last Answer : answer:You won't go to jail for it. You could be fined for not paying the bills on time. It will certainly affect your credit rating. I would contact the credit card company, they may allow you to ... now (which takes the funds directly out of my bank account). All I ever pay is a transaction fee.

If people lived within their means, would there really be debt or as much debt that a people service?

Description : If people lived within their means, would there really be debt or as much debt that a people service?

Last Answer : My guess is, yes. The fact that money and the economy exists relies on debt itself.

Advice on paying debt collection?

Description : Advice on paying debt collection?

Last Answer : answer:If it happened to me, no I would absolutely never pay a collection agency. If she wants to pay the actual phone company, she should call and discuss it with the billing department. Even then ... many local elected officials as I could to get some assistance in getting them to leave me alone.

If you were faced with excessive debt, would you sell your body?

Description : If you were faced with excessive debt, would you sell your body?

Last Answer : No,but I would sell my mother-in-law.

How do nonprofit debt management programs work?

Description : How do nonprofit debt management programs work?

Last Answer : answer:The true not for profit programs are funded by the creditors ( Visa, Mastercard etc. ) They will tell you that if you ask, there is training and mandatory meetings. The reduced interest rate is ... maybe a small fee. Look up MMI. I do not work for any of the debt management agencies.

Does a debt cease on the death of the debtee?

Description : Does a debt cease on the death of the debtee?

Last Answer : In America, the debt would still be owed to the debtors estate.

If a person has huge debt, no children, no house, and almost no assets, who pays their debt when they die?

Description : If a person has huge debt, no children, no house, and almost no assets, who pays their debt when they die?

Last Answer : well, what I do know is that no one acquires the debt unless they cosigned the loan or something. I also hear that who ever acquires the estate acquires the debt. Not too sure what happens after that.

Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Description : Is our National Debt like a ticking time-bomb? If so, what will cause the bomb to detonate, and what happens when it does?

Last Answer : answer:No biggie. We just nationalize all our assets and renege on all our debts Poof! All gone.

Have you ever cashed out a significant chunk of assets to pay off all of your debt? In hindsight, was it the right decision and why?

Description : Have you ever cashed out a significant chunk of assets to pay off all of your debt? In hindsight, was it the right decision and why?

Last Answer : Earlier this year, I was faced with school loans and other debts that I could make the minimum payment for, but with interest rates, I felt like I wasn't making a dent in the actual amount. So I sold my car ... than a car, I don't know if this helps, but I don't regret my decision the least. =)

How do you get out of debt?

Description : How do you get out of debt?

Last Answer : Go to your bank and consolidate your cards. then tear them up - thats what I did. it took me 4 years to pay off ten grand (with a co signer) but I did it. I now have one card and I am ... to go from small to large when it comes to paying it off, but really just get them consolidate its much easier.

Can you help with advice for a friends debt?

Description : Can you help with advice for a friends debt?

Last Answer : You have not provided sufficient information for real advice. What are her living circumstances, employment and income details, commitments aside from credit cards etc. Does she have assets - equity in property etc., as ... a very long time, but it might give her a chance to get back on her feet.

How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Description : How much will national debt clocks help raise the awareness about the astronomical proportions of public debt?

Last Answer : Nobody will give a fuck. We all know but people don’t really care. Look at Bush. It skyrocketed under his watch and nobody cared. It is only a big deal when you don’t like the guy in charge. I have gas in my car and the TV still works. Fuck it. Life is good.

Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Description : Where is the best place to get an unsecured personal loan for debt consolidation of around $19k?

Last Answer : You might want to check out Propser, a peer-to-peer lending site.

If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Description : If you are on a budget, and are having a hard time paying off debt. Is consolidating your debt with a loan a good option?

Last Answer : Not always. Sometimes it just aggravates the problem. See a debt counselor first.

Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Description : Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Last Answer : Just deposit it in your bank. No need to go to the P.O.

A part of National Debt known as External Debt is the amount - (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Description : A part of National Debt known as External Debt is the amount - (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Last Answer : (3) borrowed by its government from abroad Explanation: External debt (or foreign debt) is that part of the total debt in a country that is owed to creditors outside the country. ... governments, or international financial institutions such as the International Monetary Fund (IMF) and World Bank.

A part of National Debt known as External Debt is the amount (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Description : A part of National Debt known as External Debt is the amount (1) borrowed by its citizens from abroad (2) lent by its citizens to foreign governments (3) borrowed by its government from abroad (4) lent by its government to foreign government

Last Answer : borrowed by its government from abroad

Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Description : Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Last Answer : I believe at that time we were on the gold standard and the money could be exchanged for the appropriate amount of gold. I’m trying to find a bit more info right now here. When we went off the gold standard, this would no longer have been true.

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Description : Wait, what? The right thinks if they reduce federal spending then we will climb out of all our problems and all the needs that these tax dollars were meeting will evaporate?

Last Answer : answer:No, no, no. That would just be pushing the problem down so congress can look good playing high and mighty and not have to deal with it or the peeved, headache inducing, voters. ... , you die, whichever. Please avoid standing in the sarcasm for prolonged periods, it may prove disorientating.

What are the prices of your problems?

Description : What are the prices of your problems?

Last Answer : Money-need more money Liars-no more lying to me Trust-need to trust everyone

Do you think wealthy people should collect Social Security when they retire, or should that money go back into the system?

Description : Do you think wealthy people should collect Social Security when they retire, or should that money go back into the system?

Last Answer : I say if they earned it, they can keep it.

How do I minimize the hit when trying to put euros into my US checking account?

Description : How do I minimize the hit when trying to put euros into my US checking account?

Last Answer : I’m a little confused.. is this ‘hit’ coming in the form of the exchange rate.. a wire transfer fee.. i’m not really sure what in particular you are referring to.

How much money would it take you to go crazy with wealth?

Description : How much money would it take you to go crazy with wealth?

Last Answer : I honestly don’t think that it would.

Where does all the money go?

Description : Where does all the money go?

Last Answer : The money monster gobbles some of it when the bankers aren’t looking.

With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Description : With printing your own money being illegal, what legal arguments would the state use to criminalise you, if you had the technology to transmutate literal dirt into gold?

Last Answer : Since gold is not money, it isn't a matter of counterfeiting. But true transmutation would mean that the gold produced from dirt would be indistinguishable from gold mined in the traditional ... like someone finding an alternative way to mine bitcoins at 1/1000th the necessary computing work.

What do you think about moving some money into CD’s?

Description : What do you think about moving some money into CD’s?

Last Answer : That seems a bit old fashioned. Why not BluRay instead?

Does coming into a lot of money really change you?

Description : Does coming into a lot of money really change you?

Last Answer : When it happens I’ll get back to you.

Have you ever run across a US $20 bill with a row of numbers written in red or pink ink across one end of the back side?

Description : Have you ever run across a US $20 bill with a row of numbers written in red or pink ink across one end of the back side?

Last Answer : Do you mean money with red numbers minted on, or handwritten on? If you mean stamped or written on the money, then yes I have gotten a lot at work. Lots of them say to visit a website to track ... writing, or other weird stains. I had a money order with over $900 worth of twenties what a nightmare

For all those in other countries - Is your government issuing anything like US stimulus checks as part of a pandemic relief plan?

Description : For all those in other countries - Is your government issuing anything like US stimulus checks as part of a pandemic relief plan?

Last Answer : Canada has, it was called the cerb it was 2 grand a month for five months, but fully taxable meaning you will pay tax on the money.

What is the average income in your state and county in the US do you need to live "comfortably"?

Description : What is the average income in your state and county in the US do you need to live "comfortably"?

Last Answer : I'm not in economics, but I figure the answer to this question is highly variable: region to region, state to state, county to county. I currently live in a rural area and the average income to live ... urban area of the same state. I'm not sure how precise a number we can get to this question.

A fb friend wrote "you need a net worth of $2.4 million in the US to be considered rich" what do you think?

Description : A fb friend wrote "you need a net worth of $2.4 million in the US to be considered rich" what do you think?

Last Answer : I'll never be rich, then. It's an arbitrary number. Not really meaningful. So much depends on your age and your needs and tastes. I don't need a mansion and a fast car and a country club ... the more I think about the question, the more simplistic it appears to be. Like money can buy satisfaction .

If 85% of the US population ended up using bicycles like some other nations, would people start defining status by the bike you rode like they do the vehicle you drive?

Description : If 85% of the US population ended up using bicycles like some other nations, would people start defining status by the bike you rode like they do the vehicle you drive?

Last Answer : Probably, I see it all the time out on the mountain bike trails. I also see the opposite where the folks who have five thousand dollar bikes are ridiculed. Regardless, we would all be much healthier and happier.

It’s WAR! It’s WAR! When the civil war is finally declared in Iraq will the US jump back in for round three?

Description : It’s WAR! It’s WAR! When the civil war is finally declared in Iraq will the US jump back in for round three?

Last Answer : Dream on. The Iraq war certainly didn’t stimulate the US economy, unless you are only looking at Halliburton and its affiliates. There’s a reason Bush left those costs off the books while he was in office.

What is wrong with us!

Description : What is wrong with us!

Last Answer : Yeah, there’s a point when things are so out of balance, you can’t help but feel helpless and apathetic because you can’t do anything.

Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

Description : Why does the British Pound outweigh the US Dollar in value when it seems that the economy of the United States is far more powerful?

Last Answer : answer:I think that, in general, it has something to do with the fact that the British economy is strong and reliable, and that the UK has always had very profitable trading agreements throught ... how the buying power of a coin is, supposedly, representative of its country's credit reliability)

What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Description : What movie/documentary can I watch to help me understand the current situation of US and/or world economics?

Last Answer : Waiting for Superman.

What will two weeks/two months after the collapse of Greece look like for the US?

Description : What will two weeks/two months after the collapse of Greece look like for the US?

Last Answer : answer:It's not that Greece is going to fall , there economy will continue it's collapse as it disengages from the Euro. But while it will be a rough summer for the ... stockpile supplies? That's silly for something that has already been significantly discounted by the financial community.

What are your thoughts on this article about the wealthy in the US?

Description : What are your thoughts on this article about the wealthy in the US?

Last Answer : Not much. I’m pretty tired of hearing about the evils of wealth.

Does a gold standard really protect us from inflation?

Description : Does a gold standard really protect us from inflation?

Last Answer : The magic likely comes from the concept of cold hard gold. It's easier to understand that which you can hold in your hand, it's easier to abuse the bits and bytes that fly around the world banking ... resource and therefore only a few can hold' it doesn't change the concept of it being holdable.

Has the US succumbed to Paul Kennedy's hypothesis?

Description : Has the US succumbed to Paul Kennedy's hypothesis?

Last Answer : It is a smart country that stays out of wars. Not much bravado in doing that but very smart non the less. I don’t think it is all the military adventures the US has involved itself in that will cause its decline, as much as the class warfare taking place within.

Do you think the US dollar will rally?

Description : Do you think the US dollar will rally?

Last Answer : Early 2013 at the earliest. Until then, incompetence will still keep its value down.

Who decided in the US about things such as our money's apperearance and denominations, the traffic laws, and education?

Description : Who decided in the US about things such as our money's apperearance and denominations, the traffic laws, and education?

Last Answer : answer:Traffic laws are, for the most part, local so local municipal governments. Our money's appearance and denominations was the Treasury Department with sign off by the Executive Branch. Education was ... , again, signed off on by the Executive Branch and Congress (who pass educational bills).

The odds of winning the lottery bigtime (not just a few bucks here and there) are astronomically against us; yet I continue to play. Do you?

Description : The odds of winning the lottery bigtime (not just a few bucks here and there) are astronomically against us; yet I continue to play. Do you?

Last Answer : Nope, I had statistics in college. I don’t like to throw away my money (I also don’t gamble when in Vegas).

(Apologies in advance) If you are poverty stricken, would you share with us how you became that way?

Description : (Apologies in advance) If you are poverty stricken, would you share with us how you became that way?

Last Answer : Well, my mom killed my dad when I was ten. I got left with my sister at a strangers house in Copala Mexico while my mom went back to the states to turn herself in. My aunt got us back to the states. ... when you don't have a shower. I was working 40+ hours a week and still couldn't get a place.

Would you rather have an Illegal Immigrant working and contributing,or a US citizen sat on their ass all day claiming welfare?

Description : Would you rather have an Illegal Immigrant working and contributing,or a US citizen sat on their ass all day claiming welfare?

Last Answer : I personally opt for the illegal as a contributor.