Americans are feeling the consequences of years of disastrous economic policy, but the severity of the problem in real terms is staggering!
Michael Snyder shares some shocking facts about this struggle that might seem funny if they weren’t happening right now. Here are ten ways to end the phrase, “Americans are so broke…”:
Yes, things are going fairly well for the elitists that live in the good areas of New York City, Washington D.C. and San Francisco right now, but most of the country is deeply struggling as our economic fundamentals continue to crumble. Please share these numbers with as many people as you can, because we need people to understand that there has not been an “economic recovery” for most of America. In fact, in many ways things just continue to get even worse. The following are 21 ways to end the phrase “Americans are so broke”…
1. Americans are so broke that about a third of them have debt collectors on their heels. One recent study discovered that more than one out of every three adults in the United States has an unpaid debt that is “in collections“. That is a total of 77 million people. In other words, the debt collection business in America is absolutely booming.
2. Americans are so broke that Congress is now actually considering allowing post offices to provide payday loans and check cashing services.
3. Americans are so broke that they are keeping their vehicles longer than ever. The average age of vehicles on America’s roads recently set a new all-time high of 11.4 years.
4. Americans are so broke that car dealers are having to go to extreme lengths to get new customers. Last year, one out of every four auto loans in the United States was made to someone with subprime credit.
5. Americans are so broke that 52 percent of them cannot even afford the homes that they are living in right now.
6. Americans are so broke that they are falling farther behind on their student loans than ever. The total amount of student loan debt in the U.S. has now reached a whopping 1.2 trillion dollars, and approximately seven million Americans are in default on their student loans at this point.
7. Young Americans are so broke that half of all college graduates are still relying on their parents financially when they are two years out of school.
8. Young Americans are so broke that only 36 percent of American adults under the age of 35 currently own a home. That is the lowest level that has ever been recorded.
9. Americans are so broke that many of them can’t even afford to shop at Wal-Mart and dollar stores anymore…
10. Americans are so broke that they are running up record levels of debt. Overall, U.S. households are 11.68 trillion dollars in debt right now.
1. Americans are so broke that about a third of them have debt collectors on their heels. One recent study discovered that more than one out of every three adults in the United States has an unpaid debt that is “Sadly, these are just 10 ways to end this disheartening phrase. For 11 more, check out Michael’s article over at The Economic Collapse Blog.
Photo: Political Connection
americans can no longer buy a new car or even a good late model used car,now they lease.what usedto take 2 to 4 years to pay off now takes 6 to 7 years and im starting to see 8 and 9 year financing..soon americans will be renting apartments rather than buying homes and car ownership will be limited to those having the net worth of BRAD PITT.we are becoming a Walmart/paycheck advance society.the America that once put men on the moon and everyone could get a decent paying job has gone to china.our currency will soon be as worthless as that of Zimbabwe.and soon our industrial might will consist of paycheck outlets,fast food joints,self serve car washes,laundromats,liquer stores,collection agencies and repo outfits.and the new rich will be govt workers excluding the military,that is if we even have a military anymore.in a few years say goodbye to the late great united states of America.
Because we allow Obama to stay in office…
Kenya’s offering US foreign aid
kahudes.net gold for all countries peoples
that obama takes the last cent!!!!!
What idiots blame only one side. Look at what has happened since 1980. It’s not just one side that has cost us to go broke. The wealthy have gotten insanely more wealthy while the number of poor has increased greatly. We keep going to wars we cannot afford! Trickle down has done nothing but trickle up. Both the dems and GOP have done nothing but steal from us! The greatest wrongs to our country have been the creation of the FED and Nixon taking the dollar off being backed by gold. Wake up and do your research! OBUMMER is a dick but you better look at what the others have done! 10/03/2008 Bush signs TARP. 431 BILLION given to banks to bail there dumb ass’s out! Wake up if you only think your party is innocent. WRONG! They are all liars and thieves controlled by big business every damn one!
americans so broke, when they walk up to the bank teller, the teller tells them “this is a robbery”
T R U T H !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OUR LEADERSHIP HAS FAIL AMERICA FOR DECADES AND OBAMA IS THE GREATEST OFFENDER. He doesn’t just want to DESTROY AMERICANS, HE WANT TO DESTROY OUR AMERICA ALONG WITH JESUS !!!!! AND REPLACE HIM WITH “ALLAH” !!!
http://www.addictinginfo.org/2014/08/03/study-greatest-terrorism-threat-in-america-not-al-qaeda-its-right-wing-sovereign-citizens/
dinner meal is licking stamps