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Sylvanfan · 05-11-2010, 11:35 PM

Okay...so how the hell does the average person owe $41,000 in debt on assets that aren't worth anything?

Seriously...there are a lot of people on this forum claims to be debt free and seemingly have a lot of assets. To have $41,000 grand in worthless consumer debt...thats a lot of booze, tobacco, gambling, or travelling. I probably rack up $600 a month on my credit card in purchases...but I also pay it off every month as I buy most of my essential stuff using the credit card. Would that mean I have $7200 a year in personal worthless debt? I just don't see how those numbers could be accurate. No way everyone owes what is basically the equivilent of a brand new Lexus in debt.

05-11-2010, 11:35 PM	#900
Sylvanfan Appealing my suspension Join Date: Sep 2002 Location: Just outside Enemy Lines Exp:	Okay...so how the hell does the average person owe $41,000 in debt on assets that aren't worth anything? Seriously...there are a lot of people on this forum claims to be debt free and seemingly have a lot of assets. To have $41,000 grand in worthless consumer debt...thats a lot of booze, tobacco, gambling, or travelling. I probably rack up $600 a month on my credit card in purchases...but I also pay it off every month as I buy most of my essential stuff using the credit card. Would that mean I have $7200 a year in personal worthless debt? I just don't see how those numbers could be accurate. No way everyone owes what is basically the equivilent of a brand new Lexus in debt. __________________ "Some guys like old balls" Patriots QB Tom Brady Last edited by Sylvanfan; 05-11-2010 at 11:39 PM.