Americans Debt So Bad, 40% of California and New York Want To Move!
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
https://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
https://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
https://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
https://www.latimes.com/local/california/la-me-lopez-safe-parking-20171224-story.html
Wrangling_Credit_Card_Debt.jpg (530×3000)
Report on the Economic Well-Being of U.S. Households in 2017, May 2018
https://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
https://www.gobankingrates.com/making-money/economy/best-worst-states-middle-class/#2
https://www.cnbc.com/2019/03/22/the-10-cities-where-american-families-have-the-most-credit-card-debt.html
https://wallethub.com/edu/credit-card-debt-study/24400/
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