Poverty

discntnt_irny_srcsm

(18,669 posts)

14. Debt is the true enemy here

Thu Nov 3, 2016, 06:22 PM

Nov 2016

Mortgages make up about 75% of all personal debt in the US, now estimated at a bit over $14 trillion. Second after mortgages are student loans at almost $1.4 trillion. That makes up about 8% of US personal debt.

We have almost 25 million folks in the workforce who aren't unemployed that pay no taxes. So that means 24,999,999 people work but don't even make enough to owe taxes on their earnings. (The other 1 is trump.)

Why are almost 1 in 6 workers underemployed?

Now I'm more depressed.

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What happens when a motel becomes home [View all] rug Nov 2016 OP

this is a professional article, and the writer does not know the difference between "their" niyad Nov 2016 #1

Blame it on the proofreader. rug Nov 2016 #3

Writers should know better padfun Nov 2016 #2

Geez, people are starving. rug Nov 2016 #4

and we can still notice, and comment, on a lack of literacy. niyad Nov 2016 #5

You are also free to polish caskets. rug Nov 2016 #6

wow-- such a charming response. niyad Nov 2016 #7

Refugees are put in apartments------why aren't these people? I don't get it. virgogal Nov 2016 #8

I really think it's budgetary. rug Nov 2016 #9

The refugees are treated like royalty by virgogal Nov 2016 #10

I don't begrudge them. But I have no sympathy for the governments' housing policies. rug Nov 2016 #11

The simple fact is that our entire economy is based on debt discntnt_irny_srcsm Nov 2016 #12

There's a lot of truth in that. rug Nov 2016 #13

Debt is the true enemy here discntnt_irny_srcsm Nov 2016 #14

I honestly think the real problem is television advertizing. PoindexterOglethorpe Nov 2023 #18

Thanks Rug Riftaxe Nov 2016 #15

I lived for 3months in a motel 6 I_UndergroundPanther Sep 2019 #16

She probably got the 30 year mortgage because her income PoindexterOglethorpe Nov 2023 #17

The Problem is ... mntleo2 Jan 2024 #19

I'm currently about halfway through that book. PoindexterOglethorpe Feb 2024 #20