These Charts Just Gave a Serious Warning To Everyone With DEBT

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[Huskrrrr]

I became debt free four years ago, before retirement. I adjusted my lifestyle to accomplish this. This will really help to weather the storm ahead.

[LovingLifeOnLess]

Debt by design to keep people poor and controlled.
We became debt free and mortgage free by being frugal and prudent, it's such a relief in these economic straits.

[kathybost]

I look back at what we had growing up and it's just amazing. My dad was in WW2- my mom never graduated from HS. They were able to build a middle class life AND leave an inheritance for their 3 children. How did they do it? Well, believe me they did not have CC debt and never took luxury vacations, never bought the latest fashions or ate out at restaurants. And they managed to send me to private school. I can't believe the crap people "buy " today. Anyway, Happy Thanksgiving to all. Love you Neil. usa

[tonycooke]

Debt, what's that? I was raised old school.
Make do, and mend where possible. If we desired something new, save for it. My family have always operated on a hand me down within the clan system. I've proudly continued that tradition....

[jamesorth]

glad I paid off my cards this year and doing my best to stay out of debt

[OkieDokie]

My first home in the 1980’s was 18% APR. I thought I’d never see rates that high again. Fortunately, I became debt free 10 years ago.

[nancybrewer]

Debt free, mortgage free. How else can anyone live off Social Security? We are on a budget for the first time in my life and we are both 70 years old. I could just kick myself for not budgeting all my working life. Learned nothing from my parents, their example was living paycheck to paycheck.

[willskol]

Unless a person has lost their job during a recession and tried to find another job with no luck, they don't understand recessions.

[christinarichie]

Anyone whom has loans and massive debts. Good luck because you'll need it.

[clydesnead]

Thankful for you and the sacrifices you go through to give out this true information.

[tngardener]

I paid off 10k in debt last year but still working on it 🤦‍♀️ Mortgage is low at $750 thank the heavens. I will just keep trucking along I suppose.

[susanstewart]

Every significant expense .. food, housing/mortgage, property tax, utilities/fuel, cell phone/internet .. has gone up 25% in the past year. It really is unbelievable. No amount of good budgeting and planning can accommodate these sudden increases. This is entirely due to government mismanagement of the pandemic response.

[mattrix]

All my life i felt like an under achiever, never earned enough for a mortgage, never earned enough to save, no money in bank and no loans or credit cards, shares or investments. Now the way things are going, i'm glad.

[daverossiter]

Hey there Neil, I am a pilot for a major, international cargo airline and, have been following your channel for a couple years. I agree with the majority of your macro-economic analysis about the global economy except, until recently, I have seen zero evidence of any slowdown.
Until this past summer, our 747’s we’re full coming from China and the Far East and, just recently our loads began declining and, have dropped precipitously this fall, as much as one-half.
This morning at the hotel here in Seattle, the manager mentioned his advance bookings for this Thanksgiving weekend were at 76%. As of today that number is 26%, as the huge majority of travelers have cancelled their travel plans. 
Hold on to your wealth….here it comes!

[mackenzie]

This year's black Friday shopping was freaky calm. That definitely made me think that things are not going to be like they used to any time soon

[LittleCarol]

It's all a terrible mess, but I would rather be informed to make the best decisions. Thank you for all you do. xx

[MsJNix]

It appears we are headed for a huge recession. There are two ways this can go, and neither are good for the average person. 1. Interest rates keep rising to stop inflation, which will destroy the economy as no one will be able to borrow money anymore and those that did will not be able to afford to pay back the money they borrowed in the past. 2. Don't raise interest rates and have high inflation, which will also destroy the economy as no one will be able to afford anything so businesses will go bankrupt. If the intention was to destroy the economy, then this money printing was a good plan, the planners can say they were trying to save the economy, and when the economy collapses with the hike in interest rates, they can claim they were trying to save the economy again, then they will bring in the new digital system, only I believe the new system can't solve anything, as there is no way to fix this monster problem they have created.

[belladrapeau]

i’ve known many who were helped by that money but i’ve also know several who were very Irresponsible and lost their car or worst lost their homes i used mine for bill paying and preps

[dominicharper]

Neil, Love you. Thanks. Plz advise peeps: Buy food. Several Beans, rice, pasta, red sauce, pancakes, syrup, CANNED everything. Spices, tomato sauce ETC. $1k will be 2 years of food. EVERYTHING else goes into silver… I go to Costco. I get what I need. Then I go to my Silver guy and buy $100 to $200 of Silver. All the food I didn’t buy for “Prepping”. I bought in Silver. So easy to store vs food!! God Bless. Oh, buy for you and Family/Friends..

[lindyc.]

Believe me, there are many of us also who ARE heeding all the warnings for the near term future!!!
We are trying to not spend and knock down as much debt as we can, as fast as we can...to be ready for when interest rates on debts sky rocket very soon!!!