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The new American dream: Being debt free


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2013 Sep 8, 5:06am   688 views  4 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://gma.yahoo.com/american-dream-not-think-095906301--abc-news-topstories.html

American Dream as being debt-free. Shockingly, that's more than those who dream of owning a home. The poll underscores something I have long suspected -- there's a great deal of nostalgia for a promise that increasingly and tragically looks to be further out of reach for newer generations. Once upon a time, the American Dream was a Technicolor affair, replete with two and a half thriving, college-bound kids, a dog or cat and not one, but two cars in the garage that were owned outright, or would be before they were ready for the crusher.

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1   skinnyninja   2013 Sep 8, 6:31am  

I rent for $440/month.

Investment income last year was about 20K or slightly more.

I am 37. Don't want a house.

2   ttsmyf   2013 Sep 8, 6:35am  

Note that the people's debt is composed of personal debt PLUS governments' debt! Both are here:
http://www.showrealhist.com/debtGDP_whys.html
After 2007, there has been some drop in the former, but a huge increase in the latter.
You don't much see these histories -- deception by omission!

3   Heraclitusstudent   2013 Sep 8, 9:19am  

skinnyninja says

I rent for $440/month.

Investment income last year was about 20K or slightly more.

I am 37. Don't want a house.

Don't marry and don't have kids.

4   lostand confused   2013 Sep 8, 9:29am  

Heraclitusstudent says

skinnyninja says

I rent for $440/month.

Investment income last year was about 20K or slightly more.

I am 37. Don't want a house.

Don't marry and don't have kids.

Or better, don't marry and have kids and get welfare.

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