Comments on: It’s the economy, stupid. http://american-family.org/2008/04/30/its-the-economy-stupid/ Thu, 09 Feb 2012 01:51:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kari http://american-family.org/2008/04/30/its-the-economy-stupid/comment-page-1/#comment-81006 Kari Fri, 02 May 2008 04:14:34 +0000 http://american-family.org/2008/04/30/its-the-economy-stupid/#comment-81006 I think some people can afford those things because they had two substantial incomes before they had kids (or both are still working after kids at jobs that pay quite well). And some people bought their houses in the 90s before prices went up quite a bit. And there are definitely many people who aren't saving. I once asked my moms group how much they were saving for college and no one answered. Then one mom said that the reason no one answered was because no one was saving anything! I think some people can afford those things because they had two substantial incomes before they had kids (or both are still working after kids at jobs that pay quite well). And some people bought their houses in the 90s before prices went up quite a bit. And there are definitely many people who aren’t saving. I once asked my moms group how much they were saving for college and no one answered. Then one mom said that the reason no one answered was because no one was saving anything!

]]> By: Lawmommy http://american-family.org/2008/04/30/its-the-economy-stupid/comment-page-1/#comment-80972 Lawmommy Thu, 01 May 2008 19:28:42 +0000 http://american-family.org/2008/04/30/its-the-economy-stupid/#comment-80972 " I don’t understand how people can afford those things." They can't afford them. I've been doing a ton of bankruptcy and foreclosure work lately (not because I especially like it, but, my kids need to eat), and I can tell you, many, many, many people are living WAY beyond their means. It absolutely TERRIFIES when I see what kind of debt people have. I lose sleep at night thinking about OTHER people's debt, I have no idea how they sleep at night. Plus, with the real estate market being what it is, people who took out home equity lines of credit to buy all kinds of crap have negative equity in their houses. It's scary, very very scary. Gretchen ” I don’t understand how people can afford those things.”

They can’t afford them. I’ve been doing a ton of bankruptcy and foreclosure work lately (not because I especially like it, but, my kids need to eat), and I can tell you, many, many, many people are living WAY beyond their means. It absolutely TERRIFIES when I see what kind of debt people have. I lose sleep at night thinking about OTHER people’s debt, I have no idea how they sleep at night. Plus, with the real estate market being what it is, people who took out home equity lines of credit to buy all kinds of crap have negative equity in their houses. It’s scary, very very scary.

Gretchen

]]> By: Annie Malie http://american-family.org/2008/04/30/its-the-economy-stupid/comment-page-1/#comment-80970 Annie Malie Thu, 01 May 2008 18:34:03 +0000 http://american-family.org/2008/04/30/its-the-economy-stupid/#comment-80970 Here's the dirty little secret. Parents that have all the cool stuff, big house, clothes, cars don't have any money. They're in debt, have no savings or both. www.AnUrbanStory.com Here’s the dirty little secret. Parents that have all the cool stuff, big house, clothes, cars don’t have any money. They’re in debt, have no savings or both.

http://www.AnUrbanStory.com

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