Will this stock market madness affect cards?

[irv]

Originally Posted by CharleyBrown

Not all people that don't have savings spend it in such a way. There are countless others that have to live cheque to cheque without taking trips or buying the latest device. In fact, the number of people that spend it irresponsibly are few and far between. How does government distinguish between those that are trying to make an honest living in a system that is designed to exploit them vs those taking advantage? They can't; so the moral thing to do is to help all and recognize some will cheat.

In fact, the misdeeds of the most wealthy and corporations costs governments far more than the average poor person needing government assistance.

If you're up for a good, non-partisan read during this period of quarantine, I suggest the book Tribe: On Homecoming and Belonging by Sebastian Junger.

I didn't say everyone, I said those that take these vacations and have everything under sun who don't save.

Of course many people are struggling to make ends meet, I am not ignorant to that fact. It just frustrates me when I hear/see the other side whining/complaining how they never have any money but have zero clue they are the reason for that.

I think the number of those people is greater than you think? I see/hear it in my relatively small city quite often so I can imagine what it is like in much bigger cities/metropolis's.

There are many T.V. shows and other information sources out there to help people curb their spending and get out of debt, but in order for many to do, like anything, they need to admit they have a spending/debt problem first.

https://www.cnbc.com/2019/12/26/cons...ble-spots.html

https://www.daveramsey.com/blog/why-...e-stay-in-debt