Americans Debt So Bad, 40% of California and New York Want To Move!

The debt situation is so bad right now, particularly in California and New York that many people are leaving. That’s a very bad sign. Only a handful of states actually have a growing middle class. That’s terrible news. Do you think that the economy is worse that what we are told in the mainstream media?

 

Americans are heavily in debt. This issue continues to compound. Their student loans adds on top of the credit card debt. Their mortgages pile on heavy. In fact it’s so bad today that many people in New York and California suggest they literally can’t afford to live there anymore and are considering moving. The debt will collapse the nation.

 

Pay debt because it compounds.  

Interest rates are too high.

Initial purchase price is nowhere near final price.

Hold REAL assets

 

43% of California voters say they can’t afford to live there

www.cnbc.com/2019/03/08/43-percent-of-california-residents-say-they-cant-afford-to-live-there.html

New Yorkers say it’s too expensive to live here: poll

nypost.com/2019/03/20/more-than-a-third-of-new-yorkers-say-they-cant-afford-to-live-here/

New trend: Random spaces in existing buildings becoming rental housing – SFChronicle.com

www.sfchronicle.com/politics/article/New-trend-Random-spaces-in-existing-buildings-12420435.php#photo-14676762

Living in a parking lot amid Santa Barbara’s wealth is a kind of middle-class homelessness – Los Angeles Times

www.latimes.com/local/california/la-me-lopez-safe-parking-20171224-story.html

Wrangling_Credit_Card_Debt.jpg (530×3000)

sc.cnbcfm.com/applications/cnbc.com/resources/files/2018/01/16/Wrangling_Credit_Card_Debt.jpg

Report on the Economic Well-Being of U.S. Households in 2017, May 2018

www.federalreserve.gov/publications/files/2017-report-economic-well-being-us-households-201805.pdf

Best and Worst States for the Middle Class – Slide 2 | GOBankingRates

www.gobankingrates.com/making-money/economy/best-worst-states-middle-class/#2

www.cnbc.com/2019/03/22/the-10-cities-where-american-families-have-the-most-credit-card-debt.html

wallethub.com/edu/credit-card-debt-study/24400/

 

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