Reply to Why is the US stock market so lucrative?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are a society of consumers and easy and cheap crecdit make it so everyone can be an uber-consumer.  But it has its consequences.

"Average Balance: As of late 2025, the average cardholder carries a balance of approximately $6,700 to $7,900.

The "Revolving" Gap: For the roughly 49% of households that carry a balance from month to month, the average debt is much higher, sitting at $11,413 (up about 4% from the previous year)."[/quote]

I got into this trap of easy credit. I had high credit limits after my divorce and ended up raking $65K of personal CC debt and then car loan on top of that. This is when I only make $60K/year. I need to get a second job because the interest is killing me. It is all my fault. [/quote]

Self awareness is an amazing skill to have. Most people with your level of debt are not self aware of their own debt. Their debt keep climbing, but strangely enough they think it will mysteriously disappear.

Since you are self aware, start looking for a way out. There is always a way out. [/quote]

Look into declaring personal BK[/quote]

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