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Thread: What credit-card payoff? Consumers are dumping debt

  1. #41
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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by RightinNYC View Post
    Not sure what you're trying to say.
    You and yours promote personal responsibility as if it exists in a vacuum. People respond differently to various societal pressures, like advertising or ladder climbing or keeping up with the Jones' or "live better, pay less" or you're only worth what you produce or you're only worth your monetary worth or "every kiss begins with Kay" or work harder for less pay ... Some people scoff at such nonsense and some people find themselves with a new car and a new higher payment when they didn't need a new car. Believe it or not, psychology works.
    Last edited by NoJingoLingo; 03-22-10 at 03:25 PM.

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by NoJingoLingo View Post
    You and yours promote personal responsibility as if it exists in a vacuum. People respond differently to various societal pressures, like advertising or ladder climbing or keeping up with the Jones' or "live better, pay less" or you're only worth what you produce or you're only worth your monetary worth or "every kiss begins with Kay" or work harder for less pay ... Some people scoff at such nonsense and some people find themselves with a new car and a new higher payment when they didn't need a new car. Believe it or not, psychology works.
    So the solution to people being susceptible to peer pressure is...?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by RightinNYC View Post
    So the solution to people being susceptible to peer pressure is...?
    Education.
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    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by Mickey Shane View Post
    Education.
    Whatever happened to self-control?

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    Re: What credit-card payoff? Consumers are dumping debt

    Credit card use allows instant gratification of our wants, with delayed buyers remorse for being so stupid as to let our wants run our lives.
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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by Catz Part Deux View Post
    Whatever happened to self-control?
    Reading the news and looking at things people do, I ask myself that question pretty regularly.

    Have you figured out an answer yet?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by Mickey Shane View Post
    Education.
    You mean that by the time people have finished 13 years of free schooling, we shouldn't have expected them to learn that you can't pay off a $600k mortgage on a $40k salary?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by RightinNYC View Post
    You mean that by the time people have finished 13 years of free schooling, we shouldn't have expected them to learn that you can't pay off a $600k mortgage on a $40k salary?
    Our schools, sadly, don't delve much into the basics of managing a household budget. It's really a travesty, actually. I don't remember learning a darned thing about it, and I went to a top-notch high school.

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by MyOwnDrum View Post
    Our schools, sadly, don't delve much into the basics of managing a household budget. It's really a travesty, actually. I don't remember learning a darned thing about it, and I went to a top-notch high school.
    I agree that there should be more financial management classes, but there are some things that are pretty elementary.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: What credit-card payoff? Consumers are dumping debt

    Quote Originally Posted by RightinNYC View Post
    I agree that there should be more financial management classes, but there are some things that are pretty elementary.
    I have kids in school, and they teach a lot of fluff these days. They have a touchy feeling conflict resolution lady who my kids think is ridiculous. They teach a lot of psycho-babble nonsense, mostly, it seems, to keep them from having to come down on bullies in more old-fashioned ways.

    Why not teach the kids financial management, the kiddos aren't likely to learn it from their debt-ridden parents. They teach about condoms and those are pretty darned simple to use...

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