21% Of Americans Spend More On Their Cell Phones Than On Groceries
Jul. 29, 2014
Since when are Americans dreaming of debt?
TopAccountingDegrees.org, which serves as a guide to accounting programs, put together the infographic below to detail the present state — some might say "dark side" — of the American Dream.
The dream "has now evolved into a sense of entitlement which cannot be maintained without plenty of debt," it says, before profiling how our spending habits are keeping us steadily in the red.
For instance, did you know that more than 20% of us spend more on our phones than our groceries? Or that among those of us with gym memberships, 67% of us waste about $468 a year by neglecting to use them? How about the fact that together, we've managed to rack up over $850 billion of credit card debt?
Post by unlawflcombatnt on Jul 31, 2014 21:28:12 GMT -6
It's interesting that the total debt increase of ~$432 billion is over half the current dollar GDP increase of $734 billion for 2013.
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
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Apr 14, 2021 1:41:25 GMT -6
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May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6