This segment originally aired on May 16, 2023.
GenWealth Financial Advisor Scott Inman discusses the state of credit card spending in U.S. households and breaks down how consumers should be thinking about debt management.
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Hahahaha thanks captain obvious.
Last resort??! Let me tell you something, pal! Here we use credit cards for everything! To buy food… to pay bills… even to pay other credit cards… and when the balances grow too large, we take out new credit cards to cover for the older, maxed out ones! Heck, I don’t suppose I could come up with $500 to save my life! Tell you what, when they turn off the spigot, things are gonna be bleak (” –.–)
Ikr. This guy is a FOOL probably a rich MF that launders money from people
How about a cash advance from one of your credit cards?
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@Eric Roberts
Gimme Shelter!
Can you update on consumer savings post covid pls?
Yes inbox me
TELL THIS TO THE U.S. GOVT.!!!!!!!!!!!!!
The government clearly can’t manage money lol!
Goodmorning 😢happy sunday ❤
“Blessed are those who can give without remembering and take without forgetting.” —Motivation
“Just when the caterpillar thought the world was ending, he turned into a butterfly.” _Proverb
There is actually nothing wrong with making monthly payments on a credit card just pay way more than the minimum amount due! I do that all the time with my cards! Never get yourself to the point where you can only make the minimum payment due on credit cards because that’s when you get into financial trouble! I have bought a $2000 purchase on a credit card and paid it off in 10 months! This guy is correct though that it takes self discipline to manage credit cards and you should not use them like a piggybank!