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Millions Of Americans' Wages Seized Over Credit Card And Medical Debt


Posts: 2216

Chinese grocery stores are unbeatable.  Healthier selection too.

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Never bothered to read the links yet. But I'm guessing they won't be able to afford health insurance so they'll get taxed by Obama Care. The broke US government will continue to borrow and spend money on the military, the banks will start to pull homes like crazy, and all that was invested in FEMA will begin to be utilized. It's not looking pretty.

The American dream is still alive, in Canada, but when the eagle falls, we too will suffer.

 

 

Posts: 137
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

The system stinks. Rough times ahead. I glad I've lived most of my life already. I pity those who are starting out anew.

Posts: 1351
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

http://www.npr.org/2014/09/15/347957729/when-consumer-debts-go-unpaid-paychecks-can-take-a-big-hit

 

One in 10 working Americans between the ages of 35 and 44 are getting their wages garnished. That means their pay is being docked — often over an old credit card debt, medical bill or student loan.

That striking figure comes out of a collaboration between NPR and ProPublica. The reporting offers the first available national numbers on wage garnishment.

 

 

What does that mean, it means the recession never really ended. There were lucky people, and not so lucky people...

 

It also means, should you be under the age of 35, and in a job where the workforce is largely under 30, you should really wake up and sink your teeth into job security, because age discrimination will not be something that you escape.

 

http://time.com/8740/federal-reserve-debt-bankrate-consumers-credit-card/

Americans Are Taking on Debt at Scary High Rates - Feb. 19, 2014

Overall debt levels rose at the fastest rates seen since 2007, according to a new study by the Federal Reserve of New York

Americans are known risk-takers when it comes to their personal finances. While consumer spending has traditionally been one of the great engines of the U.S. economy, it also helped get the country into the Great Recession. So after five years of economic turmoil we’ve presumably become a little better at keeping track of our debts, right?

 

Based on the way I have witnessed demographics shift over the last 10 years in my area, and based on this UK statistics, I'd imagine the USA is probably experiencing a similar increase.

So... how many customer service jobs are there to go around? Because as far as I can see it, that is the only job creation happening in North America. Not seriously, but yeah, it is a free economy.

http://www.dailymail.co.uk/news/article-2386812/Immigration-recession-boost-UK-population-420-000--fastest-growth-Europe.html

Immigration and recession boost UK population by 420,000... the fastest growth in Europe


New figures show there were 63.7million in the UK in mid-2012

Increase of 419,000 or 0.7% in a year, Office for National Statistics says

813,200 births in 12 months, the largest number seen since 1972

165,600 more international migrants arrived than emigrants left

 

 

The unspoken truth about that particular situation, is that in many cases, foreigners are educated in facitilities overseas, and to get the edge on domestically educated North American workers, is fairly easy in terms of lifetime education costs, and scoring fast jobs.

 

Immigration will never stop, and there is no fighting it, however, there is a serious crunch happening and it is continuing to happen.

http://www.forbes.com/sites/jeffreydorfman/2014/06/07/middle-class-jobs-are-disappearing-and-the-fed-is-the-culprit/

Middle Class Jobs Are Disappearing And The Fed Is The Culprit

We may be moving toward what some are calling a dumbbell economy where most of the jobs are at either the lower or upper end of the income spectrum, with few jobs left in the middle class. The idea is that yard work, stocking store shelves, and similar jobs do not easily lend themselves to automation. Ditto for neurosurgeons or movie stars.

 

If you are in Canada... be prepared to change the way you eat...

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/econ155a-eng.htm

You cannot beat a foreigners food market. They are BAR NONE the best place to score food cheap. In other words, take five minutes out of your day to walk into a store which IS NOT a franchise. You may be extremely surprised.

 

I will bet that will be impossible for at least 40% of you as you will be flanked by nothing except franchises for at least 10km - 20km radius. It is an entirely different world now compared to ten years ago.

 

You should see the city next to me... there are vacancies EVERYWHERE... I mean EVERYWHERE... it is largely a renters city, and everyone is leaving.

This is the new future for most areas....

http://content.time.com/time/photogallery/0,29307,1975397_2094492,00.html

The Kangbashi district began as a public-works project in Ordos, a wealthy coal-mining town in Inner Mongolia. The area is filled with office towers, administrative centers, government buildings, museums, theaters and sports fields—not to mention acre on acre of subdivisions overflowing with middle-class duplexes and bungalows. The only problem: the district was originally designed to house, support and entertain 1 million people, yet hardly anyone lives there.

Posts: 1351
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

Oh they are going to come after you as well...

https://www.google.ca/search?q=seniors+are+among+the+richest

In the city adjacent to me, a large company just axed 14,000 pensions... and they expect the government to pick up the loss...

 

This guy isn't as stupid as he seems...

 

 

Anyways, yeah, it isn't the 70s anymore when youth could score a job out of high school that would put money into a house and two cars.

Now they are on average making minimum wage in record percentages and for record periods of their life.

 

 

Automation, Overseas Outsourcing, Factory Re-locations, Exhaustion of local resources... they are all major factors... plus, white collar job creation is incredibly unstable if you ask me.

Monopolies, yeah I think they are inflating the cost of living for everyone. With so many franchises it reduces price competition. Only my opinion.

Posts: 137
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

Life was good until Reagan. Things have been going South since then. I realize every generation complains but current times are ominous.

Posts: 224
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

This has been said by countless generations. 

Posts: 1351
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

No... I don't suffer from your traditional anxiety. It is not a physical condition with me.

I am anti-social however. I simply have seriously difficult times communicating with others at levels that make everyone comfortable.

My last anxiety attack occurred at the super market. So yeah, I have occasional strikes through my CNS. (I start to sense things in a weird field of view)

But generally it is not a problem that debilitates me.

 

For example, someone pulled a knife on me a few weeks ago, and I was super calm through the whole thing. Upset me throughout the week, but generally, no anxiety.

 

 

YOU ARE THE ONE WITH ANXIETY. Never did I say anything about war being a negative thing. It is simply something that is happening. I am not worried about war. You however are... and you've stated what you plan to do in the event that it does break out.

If war broke out everywhere... I might consider it exciting. 

 

 

You cannot look at a country like the USA, and the sheer size of their military and not tie in economic reasons for war.

 

Posts: 306
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

You do come up with some very funny stuff and interesting POV.. 

 

Do you by any chance suffer from anxiety? 

If war breaks out, oh well...I plan to then get my ass out of the way of fire if possible, till then, live my life. Nothing to get worked up over. 

Posts: 306
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

No anxiety here and no delusions about the excitement factor either. Doubt it would be a barrel of laughs with radiation poisoning my food and ruining my vacations. That would really suck. 

War as economic boost policy, that's as old as the hills. Been around like prostitution since the dawn of time. 

 

Anti social...hmmmm...read some of your stuff...some of it quite funny, and some of it rather...meh...malignant. Anger issues out the wahzoo.

 

Posts: 1351
Millions Of Americans' Wages Seized Over Credit Card And Medical Debt

No kidding... I don't think people truly understand what a single factory did for the economy 30 or 40 or 50 years ago...

You are looking at a single factory employing Unionized workers wages that fed the economy with money. Now you are looking generation internet, who without a doubt believe they are smarter than everyone else.

A factory used to provide employment to 10,000+ workers. Now due to automation the equivalent factory MIGHT employ a hundred or so people... and their Unions are losing hard with plants being relocated to cheaper places.

 

It is so dire for so many people, that crowdfunding has become nearly universally accepted as a legitimate way to boost the economy... People pump millions into it. These are historically significant events...

http://www.statista.com/chart/1034/funds-raised-through-crowdfunding-in-2012/

Global Crowdfunding Volume Reaches $2.7 Billion in 2012

Crowdfunding passed a couple of significant milestones last year. In January 2012, the Elevation Dock, an iPhone dock made from solid aluminium, became the first Kickstarter project to raise more than $1 million. Four months later, Pebble, a watch that connects to smartphones through Bluetooth, became the first crowdfunded project to pass $10 million in funding. Both the Pebble and the Elevation Dock have started shipping by now, proving that crowdfunding has the potential to turn ideas into actual products.

These investments into technology products with the exception of a few handful have failed, but the few that have worked out, which ones I will never know, are all efforts in vain. People need to see people win.

 

I am probably wrong, but I think we are going to see massive changes over the next decade. I mean MASSIVE changes... and you can clearly get an idea where things are moving based on the trends laid out...

I bet you any money this is why war is getting edgy around the world. Unfortunately I am not smart enough to know that much...

 

 

We should all know by now, that War BOOSTS the economy, it increases production, employs more people, and war is, believe it or not, where most technological advancements in the past have come from.

http://en.wikipedia.org/wiki/Fear_mongering

Probably the best-known example in American politics is the Daisy television commercial, a famous campaign television advertisement beginning with a barefoot little girl standing in a meadow with chirping birds, picking the petals of a daisy while counting each petal slowly. When she reaches "9", an ominous-sounding male voice is then heard counting down a missile launch, and as the girl's eyes turn toward something she sees in the sky, the camera zooms in until her pupil fills the screen, blacking it out. When the countdown reaches zero, the blackness is replaced by the flash and mushroom cloud of a nuclear explosion.

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