What is the average savings/debt of Americans? - GoFuckYourself.com

11-08-2005, 09:57 PM

If the average american died today, how mch would he leave behind? (as assets or debt)

my friend says 50k, I think this number is rediculously high, as I remember reading that the average american is in debt.

so what is the magic number?

thanx

detoxed · 11-08-2005, 10:03 PM

who cares? dont be average

theking · 11-08-2005, 10:05 PM

Quote:

Originally Posted by bdjuf

If the average american died today, how mch would he leave behind? (as assets or debt)

my friend says 50k, I think this number is rediculously high, as I remember reading that the average american is in debt.

so what is the magic number?

thanx

The majic number is the age at death. The death of an elderly person would usually have a worth of several hundreds of thousands.

WiredGuy · 11-08-2005, 10:08 PM

Most people live paycheck to paycheck, between mortgages, paying for school, raising children, taxes, car payments, etc. etc... Its tough to build a substancial savings.
WG

theking · 11-08-2005, 10:10 PM

Quote:

Originally Posted by WiredGuy

Most people live paycheck to paycheck, between mortgages, paying for school, raising children, taxes, car payments, etc. etc... Its tough to build a substancial savings.
WG

Most people have disposable monies and they dispose themselves of it foolishly instead of managing their finances wisely.

chowda · 11-08-2005, 10:10 PM

it very tough, u have different types of insurance, "savings", mortgages, taxes...
and not to mention spending habits

azguy · 11-08-2005, 10:14 PM

$8K average debt per american household

EDIT: I think it's only credit card debt, source: http://moneycentral.msn.com/content/...ebt/P95340.asp

Penthouse_mike · 11-08-2005, 11:02 PM

America has one of the highest home ownership rates (~68%), so debt- in the form of mortages- is high but misleadingly so since there are more likely to be oft-setting assets (home equity)

Lionheart · 11-08-2005, 11:41 PM

Negative 3% according to research...

Its going to be interesting to see what happens to the US (and Canada) when Asia says "Enough already of a continuing devaluation of the US Dollar" causing them to SELL the 2 TRILLION DOLLARS they own in worthless fiat dollars..........

Sending the bond market into a tailspin and mortage rates up to 14.5%.

Vive le gold......(and gold stocks - yay Numont :-) )

Dagwolf · 11-08-2005, 11:53 PM

Sosa · 11-09-2005, 12:19 AM

most people do live paycheck to paycheck. Myself right now I've been in a good savings mood so I have a good amount saved up. Most of that is going on a downpayment for the new house hopefully soon.

TheDoc · 11-09-2005, 01:32 AM

I read some where that said in the US when a child is born they are born with 22k dept...

polish_aristocrat · 10-24-2006, 05:47 AM

bump.........

marketsmart · 10-24-2006, 05:51 AM

Quote:

Originally Posted by azguy

$8K average debt per american household

EDIT: I think it's only credit card debt, source: http://moneycentral.msn.com/content/...ebt/P95340.asp

dammmm, thats alot!...

luvlyn · 10-24-2006, 06:01 AM

how about how much you enjoy your life, whether you have alot or not?! ^_^ \/

godisdead · 10-24-2006, 06:13 AM

It will average out below zero. Thanks to the brilliant banking system screwing the planet over with nobody noticing it. The world is in debt. Figure out who the creditor is. ;)

11-08-2005, 09:57 PM	#1
buddyjuf Guest Posts: n/a	What is the average savings/debt of Americans? If the average american died today, how mch would he leave behind? (as assets or debt) my friend says 50k, I think this number is rediculously high, as I remember reading that the average american is in debt. so what is the magic number? thanx

11-08-2005, 10:08 PM	#4
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,482	Most people live paycheck to paycheck, between mortgages, paying for school, raising children, taxes, car payments, etc. etc... Its tough to build a substancial savings. WG __________________ I play with Google.

11-08-2005, 10:10 PM	#6
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	it very tough, u have different types of insurance, "savings", mortgages, taxes... and not to mention spending habits __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

11-08-2005, 10:14 PM	#7
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	$8K average debt per american household EDIT: I think it's only credit card debt, source: http://moneycentral.msn.com/content/...ebt/P95340.asp Last edited by azguy; 11-08-2005 at 10:15 PM..

11-08-2005, 11:41 PM	#9
Lionheart Confirmed User Join Date: Mar 2004 Location: British Columbia Posts: 115	Negative 3% according to research... Its going to be interesting to see what happens to the US (and Canada) when Asia says "Enough already of a continuing devaluation of the US Dollar" causing them to SELL the 2 TRILLION DOLLARS they own in worthless fiat dollars.......... Sending the bond market into a tailspin and mortage rates up to 14.5%. Vive le gold......(and gold stocks - yay Numont :-) ) __________________ richard - ICQ 61585515 Cybersex Entertainment 70Products - $500.00 Last edited by Lionheart; 11-08-2005 at 11:44 PM..

11-08-2005, 10:03 PM	#2
detoxed vip member Join Date: Jan 2003 Posts: 17,798	who cares? dont be average

11-08-2005, 11:02 PM	#8
Penthouse_mike Confirmed User Industry Role: Join Date: Jun 2003 Location: Silicon Valley Posts: 317	America has one of the highest home ownership rates (~68%), so debt- in the form of mortages- is high but misleadingly so since there are more likely to be oft-setting assets (home equity)

11-08-2005, 11:53 PM	#10
Dagwolf President of Canada Join Date: Sep 2003 Location: Leaving Hell, Entering Limbo Posts: 23,141	__________________ Sleep well, and dream of large women.

11-09-2005, 12:19 AM	#11
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	most people do live paycheck to paycheck. Myself right now I've been in a good savings mood so I have a good amount saved up. Most of that is going on a downpayment for the new house hopefully soon.

11-09-2005, 01:32 AM	#12
TheDoc Too lazy to set a custom title Industry Role: Join Date: Jul 2001 Location: Currently Incognito Posts: 13,827	I read some where that said in the US when a child is born they are born with 22k dept... __________________ ~TheDoc - ICQ7765825 It's all disambiguation

10-24-2006, 05:47 AM	#13
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	bump......... __________________ I don't use ICQ anymore.

10-24-2006, 06:01 AM	#15
luvlyn Confirmed User Join Date: Oct 2006 Location: canada Posts: 498	how about how much you enjoy your life, whether you have alot or not?! ^_^ \/ __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60.

10-24-2006, 06:13 AM	#16
godisdead Confirmed User Join Date: Jun 2006 Posts: 1,213	It will average out below zero. Thanks to the brilliant banking system screwing the planet over with nobody noticing it. The world is in debt. Figure out who the creditor is. ;) __________________ $40 Flat Fee 70% Revshare YEAH THOSE ARE CRAZY PAYOUTS coming soon Crazy Payouts