How close are we to bankruptcy.

How close are we to bankruptcy? So many people in this country can't do without. You don't need to. Not enough cash for a TV? No problem. Slap that sucker on a credit card and pay it off for the next 3 years. As long as you make your monthly payments of $15, you will be good for the next 10-15 yrs.

As long as the money that comes in meets your minimum neccesary expenses then you are golden. If it doesn't then what??

The notion of not being able to handle your regular costs  with looming CC debts must be freaking daunting. I don't envy people going thru that.

If you have charged, the TV, furniture, clothes and car, what happens when your money is short? U still have to pay your CC bills and still find food to eat.

What about folks that supplement their income using CCs. I swear a good amount of folks at my old job were doing that. I mean, their houses HAd to have cost them their almost entire monthly paycheck. Where is the gas money going to come out off?

What can they cut off? I am scared for this country because I dont know how ready they are for hardship.Shoot, I dont know if I am ready for hardship.

Check this out. Essentially, gas has gone up more than 50% in the last 2-3 years and the demand hasn't changed accordingly.

This stuff is real people. OPEC has the US over it's lap and is taking it's time choosing what sports equipment to stick up the US's butt.

In Texas, Folks HAvE to drive. Surburbia has had folks living an hour from work and commuting to work. Single parent familes are on the rise so we have working women that have to pay for daycare, drive kids around and still get to and fro work. Coworker of mine fills up every 4 days. $95. Go ahead, do the maths. dat's $665 a month and I am being conservative.

She is the exception rather than the rule. Most people can't handle that. She can.  Hell, I dunno if i can do that.

I am curious to see where the breaking point will be. This is looking to be a perfect storm.  High gas prices, falling home values, rising cost of food.

How much will gas, food and the economy go south before people realize that this shit can get drastic?!!

How will it take before enough people realize that buyign a luxury car that demands Premium is not a good look for your wallet. Oh well, I guess they will simply fill up the car with the Credit card.. sigh..

p.s U know what?  Nigerians laugh at Americans complaining about money but Naija folks deal with str8t cash right? At least more so than the US. Build a house, u own it. Car? u own it. So if you lose your job or business, u have the car as your property.  Try that in the US.