Most people have few assets
#1
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Most people have few assets
and less than $10,000 cash in the bank: new research.
Most people have few assets and less than $10,000 cash in the bank: new research | Stuff.co.nz
Well... there's a surprise.....
Most people have few assets and less than $10,000 cash in the bank: new research | Stuff.co.nz
Well... there's a surprise.....
#2
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Re: Most people have few assets
My OH is my best asset. He's priceless
#3
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Re: Most people have few assets
my OH is also mine, he is a treasure
#4
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Re: Most people have few assets
I will have to take a long look at myself and resolve to try harder in future.
I am only in the top 20 per cent and not the top 10. There's something to aspire to.
I am only in the top 20 per cent and not the top 10. There's something to aspire to.
#5
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Re: Most people have few assets
As long as we are are happy that's all that matters
#6
Re: Most people have few assets
What a boring article. Money rules our lives doesn't it. I so wish we could all have our homes paid off and see what happens to the economy. Now wouldn't that be interesting.
#8
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Re: Most people have few assets
Professor Steve Keen's new book: a review:-
"As a transition from todays debt stagnation, he suggests that the central banks create a lump sum to put into everyone’s account. Debtors would be required to use their gift to pay down the debt. Non-debtors would keep the transfer payment – so as not to let demagogic political opponents accuse this plan of rewarding the profligate."
Review of Steve Keen’s “Can we void another financial crisis?” | Michael Hudson
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Re: Most people have few assets
#10
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Re: Most people have few assets
I've just tweeted Steve Keen and he replied:
"That's actually not bad. A sensible malapropism."
Last edited by LoCarb; May 7th 2017 at 11:34 pm.
#11
Re: Most people have few assets
I've got less than $10k in the bank but that's because most of my money is in a place it might earn a little return. Not sure why people are suprised by a lack of saving with a monetary policy that has prioritised making very low cost credit available at the expense of people putting a few quid away for a rainy day.
#12
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Re: Most people have few assets
It will fail eventually, as Steve Keen has pointed out.
Private debt continues to increase until people can't take on any more. Then it all falls over....again
Australia is one of the countries he's picking to go t*ts-up.
Certainly looking that way if latest budget is anything to go by & likely the reason they are screwing down on Kiwi expats.
#13
Re: Most people have few assets
Nope tits up is a very bad place to be. I don't want tits up to happen in nz thank you