By Daniel Lacalle
The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.
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By Daniel Lacalle
The problem for most Americans is that it is increasingly difficult to make ends meet despite record government spending, or because of its negative impact on inflation and taxes.
I can honestly say that this year has been the worst of my life. If you would have asked me last year I would have sad the same thing. Now I wish I could go back to last year.
Sorry to hear that. I hope '25 will be your year to thrive.
Thank you. I hope so too!
Have you seen credit card debt?
Has it started unwinding yet? I've been following the steep rise in credit card debt.
#641159
Still going nuts, I see.
Credit card debt is bad, and a lot of spending is still on unnecessary things.
People need to change jobs and just not be comfortable. Find a job that is willing to give you overtime. There was just another article showing americans have a 50k budget for spending on junk.
I often struggle to sympathize with people when I see how they spend so recklessly. I’m doing well now, but I was quite poor for most of my adult life and it’s not that bad if you spend wisely.
I struggle with it, too. People need to learn how to tighten their belts. Having a new cell phone is not something that people who are complaining about money should have. Having a new shiny car, including the car payment. People need more discipline.