Avoiding Debt At All Costs (CBS News)

Mary Hunt shopped until she dropped, accumulating over $100,000 in debt. Now, Hunt is teaching shoppers ways to avoid falling into financial traps. Richard Schlesinger reports. (CBSNews.com)

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[MercysHollow]

Many people are in debt because the cost of living has gone up but not paychecks!

Hmm stay at home mom who doesn't work. Yeah easy to spend money when you don't have to make it.

[pantyflash]

Like, bankruptcy would be more practical and cost-effective in such a situation.  If the debt will take more than eight years to pay off, bankruptcy would cost less in the long run. Here, the debt took thirteen years to pay off. Bankruptcy would facilitate debt discharge within one year, and would drop off of credit reports in ten years. You go bankruptcy, girl!

[FortNikitaBullion]

On the other hand, debt is a powerful tool, especially in an environment of inflation. I'm $1 million in debt but I'm very much well off, thank you very much.

[TheMEK3]

Wow. That's slavery

[Janusha]

Haha.. enough of this crap.

[lex6819]

@Janusha I didn't say you were a radical, I said you were ignorant. Most compulsive spenders are young and low income, regardless of gender. Gender is not a big factor. Roughly 6% of both women and men are compulsive shoppers. I am simply stating facts. You live in a fantasy world where all stereotypes are true regardless of evidence to the contrary. You are a moron, which I suppose is better than being a nerd.

[Janusha]

So im ignorant for not having read THAT particular study... oh dear. More womens logic.

I think youll find that ME stating that compulsive shopping is a phenomenon associated with women isnt very radical. In much the same way that I can safely assume car mechanics tend to be male. Im a very well informed person. If I were to spend even more time researching pet projects and hobby related stuff, Id become a nerd. And we wouldnt want that now would we.

[lex6819]

@Janusha No gender difference in compusive shopping, Stanford study shows:

American Journal of Psychiatry. October 2006. Senior author Lorrin Koran, MD

Maybe you should read more and spout your ignorance less.

[Janusha]

Ooh someone is lashing out in anger. I can litterally hear the handbag whoshing through the air.

If you want to discuss enhnicity vs IQ, I happen to know some things about it as Ive recently written a big piece on the matter and had to do some research for it. I belong to the northern European group which is the grouping with the second highest average IQ. The central asian one being the highest with on average 6% higher IQ than Europeans. Not that I see how its relevant here.

[lex6819]

@Janusha I suppose the same logic applies to ethnic and racial groups in your worldview? I suppose you belong to an ethnic group that's probably not as smart as average, or you wouldn't make sweeping statements like that which are not backed up by actual scholarly research. You must be one of those low-average-IQ ethicities that drag down the economy with their overuse of social services and lack of education and work ethic.

[Janusha]

Wow... there is a great english expression. -Woman logic- It applies here. Say forexample that women are bad at reading maps (which is another known fact) and you will instantly be told that she has a girlfriend that saved the day once by reading a map. While there certainly are females out there that can read maps and there certainly are men out there that are able to lose money, I wasnt talking about YOUR friend was I. I was talking in general terms and the logic behind it is rock solid.