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re: This deserves it's own thread
Posted on 6/27/20 at 7:27 am to chillmonster
Posted on 6/27/20 at 7:27 am to chillmonster
quote:
Must be nice to live in a world where you the only things that are real are things you wish to be real. I'm sure six year old you is sure happy he grew up to be a football player-doctor-astronaut-detective.
Deeprig is right though. Back in the late 90s and early 2000s, people would live beyond their means and debt consolidate on their mortgage. Wash Rinse repeat and consolidate on their mortgage again 3-5 years later.
That was considered normal for millions of americans. When you ask them why they failed financially, their mind was not programmed to blame the lifestyle of debt consolidation vs bankruptcy. So when asked about their troubles, their complaint wouldn't be that the home appraisal didnt come in for their most recent bailout.
The medical excuse covers 2 areas. 1) they lost income during the medical duress. 2) the bills are still there from the medical duress. As deeprig said, medical bills are nowhere near as damaging/suffocating as credit or installment debt. The root cause of the issue was the lost income on an otherwise maxed out lifestyle. The "medical bills" catch the reason in those pretty surveys, though.
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Posted on 6/27/20 at 8:03 am to meansonny
quote:
Back in the late 90s and early 2000s, people would live beyond their means
I think this is a far worse problem now because a lot of people feel the need to keep up with the Joneses and look good on social media.
Posted on 6/27/20 at 11:57 am to meansonny
quote:
The medical excuse covers 2 areas. 1) they lost income during the medical duress. 2) the bills are still there from the medical duress. As deeprig said, medical bills are nowhere near as damaging/suffocating as credit or installment debt. The root cause of the issue was the lost income on an otherwise maxed out lifestyle. The "medical bills" catch the reason in those pretty surveys, though.
That's the problem. We have professionals who spend their entire lives doing something, and some dude (it's actually a lot of people from many political camps - but in America it's more on the right than anywhere else) comes by and says I'm not going to listen to you because I don't like what you found.
It's counterproductive.
Go back to UGA, become an economists or statistician, spend time learning the macroeconomics undergirding medical finance, then come talk to me about why they're wrong.
OR tell me where this number came from and why they're biased and show me who has the right information and why they're right instead. Also, just in case we need to state the obvious, "I don't know shite, but this guy is on my side," is woefully fricking insufficient.
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