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Debt in America Flat Broke and Borrowing

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Uploaded by on Apr 5, 2007

The mysterious missing clip from the 20/20 special featuring AmericasCheapestFamily.com. ABC wouldn't post this on their web site, wouldn't write about it, but it's here for the world to see. Contrasts the debt riddled Peterson family with America's Cheapest Family.

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Howto & Style

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Standard YouTube License

  • likes, 3 dislikes

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Uploader Comments (MavinOfSavin)

  • Thunderhouse --- I thought people in USA who think like you were not existent ...

    Very nice  comment ... DEBT is HELL .... nothing else .

    My grandfather always said spend the money you have in your pocket .... Trust only that. But goverment and corporations messed this theory.

  • @aviomaster Thanks for the encouraging comment. If only . . .

    If only . . . the Government would understand.

    If only . . . businesses would understand.

    If only . . . families would understand.

    If only . . . college students would understand.

    If only . . . Banks would understand (and stop making it their business to make money off of lending money to everyone) . . . that debt rather than building a stronger economy and life, actually destroys our lifestyle.

    If only.

Top Comments

  • Money and Credit are illusionary concepts created to keep us in mental prison, Credit still matters though. Unfortunately I have had my battles, struggled for months trying to get my credit score to respectability. Worst time spent EVER.

    I was tired with the battle, but my friend recommended a company that did all the leg work for him, and all they charged me was $40/year.

    Give them a call if you got credit problems, They are AWESOME

    888-338-3875

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All Comments (117)

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  • good video

  • @MavinOfSavin i disagree...i have seen so many people spending on credit cards...going to amusement parks...buying large amounts of clothes..and worst of all..FAST FOOD!...putting pizza , mcdonalds..on credit cards ..they are PIGS!...live like kings...fallong into debt is your fault..you live on the credit card...you will die by the credit card. You dont have the money..do without,.. until you can afford to buy what you want with CASH!

  • pathetic

  • Buying things you don't need with money you don't have to impress people you don't like.

  • God blesses the thrifty.

  • I don't think they are a cheap family, I think they are a smart family. If you don't have the money, you don't buy it.

  • I love that my company transferred me to Texas. High salary, low tax, sending it all back to Canada. Thank you USA!

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