Average American Dies $67K In Debt | Soshal Network, Social Circle Connection

Average American Dies $67K In Debt

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Capitalism isn't really benefiting many Americans, however it's functioning very well for a couple of. Cenk Uygur as well as Ana Kasparian, hosts of The Young Turks, review. Inform us what you assume in the comment section below.

" As they most likely to their tombs, Americans are leaving their families a legacy of debt. Greater than 70 percent of consumers have some financial debt at the time of their fatality, inning accordance with data from credit bureau Experian launched today.

And also it's not simply a bit of financial obligation. It's a lot. The ordinary overall balance is $61,554. With mortgage obtained of the equation, the average debt was still $12,875.

Of those that had financial debt when they died, about 70 percent still brought bank card balances. Customers also had financings for autos, college tuition and also various other expenses. The ordinary trainee financing financial debt still exceptional, for example, was $25,391.

The financial obligation isn't really forgiven when someone passes away. In many cases, their family members obtain the costs.

" Financial debt comes from the departed person or that person's estate," Darra L. Rayndon, an estate preparation lawyer with Clark Hillside in Scottsdale, Arizona, told Market Watch." *.

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Hosts: Cenk Uygur, Ana Kasparian.
Cast: Cenk Uygur, Ana Kasparian.

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67 comments

  1. Posted by Scott Scott, at Reply

    why do people live above their means?

    • Posted by uutuber431, at Reply

      Financially responsible=don’t do anything with your life. Success means living in servitude working minimum wage, never having a family, never being educated etcetc—sure you’ll be super successful!

    • Posted by Don The Con, at Reply

      You can be successful without working minimum wage. Most people don’t work minimum wage. We should all strive for more than minimum wage!

    • Posted by Chaoitcme, at Reply

      Scott Scott You are also making assumptions about people living outside of their means.

    • Posted by Chaoitcme, at Reply

      Truth Be $old A lot of jobs require more than just a bachelor degree and those cant be obtained at community colleges.

  2. Posted by siegfried greding, at Reply

    while this is terrible I must say the American dream never really existed in the first place for a while we did try to strive for it.

    • Posted by The Fre$h Prince, at Reply

      Benjamin Wood Continuation, coincidently who prints money fed reserve who owns fed not the us treasury. Private citizens who have controlling interest in oil, energy, big pharma, big bank. Average home owner is indebted not because the system is like 3D chest but it like Poker against the house anyone can sit in. Only a few win everyone leaves in debt everyone has to gamble, the house gains wealth. Everyone dreams of Vegas.

    • Posted by The Incredible Link, at Reply

      And so the L is well deserved. Once again, no data to prove upward mobility and anecdotes meant to generalize based on ONE person’s experience. Typical delusional idealist. That’s besides the fact that Uyger repeatedly stated that his father was well-educated and entered the upper middle class when he immigrated so Cenk came from quite an affluent background. Me -> facts, you -> lies.

    • Posted by awsomenesscaleb, at Reply

      The claim is that the American dream doesn’t exist, so in order to disprove that claim all that is necessary is to find examples of people who have achieved it, and there are plenty. Besides, the statistics show that upward mobility hasn’t changed significantly over the past few decades. If anything, it’s easier than ever these days. They show that by and large, most people don’t achieve upward mobility, regardless of where they come from. That’s not the point. The American dream is about opportunity, the potential to achieve success. I doesn’t say anything about how a certain proportion of people are going to do it.

      A lot of people don’t put in the effort to do well in anything during their school years, and most of those that do follow an established path through college and eventually some corporate career. The American dream is for people who think outside the box and chase new ideas in order to build the future. There are no books written about such ideas, and you go to college to learn about old ideas, not new ones: old ideas that anyone with access to a computer could learn without going to college. Again, the American dream is for people who see it and chase it. The groundwork is not laid out for them. Statistics will show that most people don’t achieve it, because most people don’t want to think for themselves.

    • Posted by Juan Rodriguez, at Reply

      I live in SoCal and the rent requirements are absolutely outrageous here. You need to make 3 TIMES the rent in income to even qualify (not including down-payment) and you need to have perfect credit. It’s no wonder people can’t get ahead in life around here.

    • Posted by Jesse Cartwright, at Reply

      +siegfried greding True. But the workers were pitted against each other. We gave it away. Remember Jesse Helms’ hands.

  3. Posted by Don The Con, at Reply

    You lazy fuckers should have gotten a small loan of a million dollars like a real ‘murican does….

    • Posted by Fucker Carlson, at Reply

      Bunch of losers… they’re not winning.

    • Posted by Vina Kirpichov, at Reply

      Don The Con love the username

  4. Posted by hyprodimus, at Reply

    Ana’s right this time. Cenk is in a bubble.

    • Posted by J Hijinks, at Reply

      hyprodimus. Yeah. I think he was missing the point that when you own something, while your alive, it can’t be sold out from under you and the new owner wants you out to redevelop the property. If you own it you can stay as long as you want. Just pay your property taxes

    • Posted by Ryan Anderson, at Reply

      My grandfather’s built their own homes and bought their own land. In the end it was extremely over blown property tax. Rent or live in low property tax state like WV or Delaware. Which is a fate worse than death to me.

    • Posted by Jacob Wilkins, at Reply

      A bubble of sorts.

      He’s right in that a focus on buying a house in extremely pricey areas isn’t worth it. Home ownership in areas like LA, NYC or the Virginia side of the DC honestly is not worth it. Those houses are “worth” about 3 times their building price and, in a rural area, would sell for quite a bit less. I saw a house just like mine, but actually not as big, not as renovated, nor with as much land sell for about 800k in Fairfax and mine would barely sell for 200k where I live.

      Cenk is right for his scenario, BUT Ana is definitely right for anyone who doesn’t live in one of those extremely price-gouged areas.

  5. Posted by Zach C, at Reply

    As someone with a fiance with massive anxiety issues, owning a place was VERY important to us, because that way at the very least my s/o has a ‘safe space’ – a home we can call ours.

    • Posted by Sartorius988, at Reply

      Ok so basically you are admitting that being desperate for home ownership is legit because you have a psychological disorder.

    • Posted by Bluespirit12345, at Reply

      Zach C
      You have to pay taxes to own it. Making it actually the governments. The one year you decide to skip that home tax, say goodbye to your safe space

    • Posted by Michael Robertson, at Reply

      shouldnt date liberals champ

  6. Posted by Lauren M, at Reply

    I live in NYC and I’m going into social work. I doubt I’ll ever be able to own a place here- I just don’t want to live with my parents forever

    • Posted by Benito Mussolini, at Reply

      Lauren M get a place in a rural upstate town that’s near a railway. The price of property massively decreases once you leave the city and the suburbs. Also you could do a little bit of farming as a side job.

    • Posted by Martin Armenta, at Reply

      You’re mistake was working as a social worker

    • Posted by The Incredible Link, at Reply

      “You’re mistake” ūüôĄ…..

    • Posted by Chaoitcme, at Reply

      Martin Armenta *Your not You’re

    • Posted by Your Butler, at Reply

      Chaoitcme Whoopsie didn’t see the statement. Yep, it’s your.

  7. Posted by Sam Harrison, at Reply

    Renting is the way to go until you can afford to buy a house without a loan.

    • Posted by Daniel Kraft, at Reply

      Or you could take out a loan, pay it off as quickly as you want, write the interest off of your taxes, and all the while pay into something you will own instead of giving it away to someone else as rent. As long as you plan to stay put for a while, have a big enough money cushion, and feel up to the responsibility, buying makes a ton of sense.

    • Posted by Don The Con, at Reply

      You can always buy a condo…

    • Posted by Nerd Strangler, at Reply

      Don The Con You realize you are still paying all those taxes and fees when you rent right? You are just paying a profit margin to someone else on top of it vs paying down a mortgage and building equity.

      Paying rent and trying to save up to buy a home outright is absolutely asinine unless you are living with your parents or otherwise getting some sort of sweetheart deal. Taking out a mortgage on an inexpensive home is almost always preferable to renting.

    • Posted by Chaoitcme, at Reply

      Don The Con Condos in the area I live in cost just as much as houses and cost over half a million on average.

  8. Posted by Jay Pat, at Reply

    I know we never actually own a home, I know after it’s paid off I still have to pay taxes, but i like to think it will make my future children’s lives easier if one day they can have a house with only taxes and utilities to pay and not have to struggle as much.

    • Posted by Wade Stanton, at Reply

      With property comes responsibility.
      Please, condition your niece to handle the responsibility of ownership. Plenty of sad stories.

    • Posted by The Blue Circle, at Reply

      also, you can always sell the house if you need to if you cant pay the taxes. just keep the money or buy a cheaper home somewhere.

  9. Posted by Moloch, at Reply

    And then they take your home to build an oil pipeline

    • Posted by Fucker Carlson, at Reply

      Eminent Domain niggaaaaaa did Ana forget about that? Ownership is a con game.

  10. Posted by serioushamster, at Reply

    Lol Anna is so pissed.She is right though,wasn’t the whole point of the American Dream for people to OWN(not rent or mortgage) property?

    • Posted by HebrewDonkey, at Reply

      serioushamster You never own anything. Just like a dog pissing on a tree to mark it’s territory, one day a new dog will piss on that tree… That’s life

    • Posted by David S, at Reply

      HebrewDonkey – yep, until the entire US reeks of piss. Trump’s gonna love that? (#goldengate)

    • Posted by Michael Robertson, at Reply

      lol I know lets let in another 60 million immigrants to compete for jobs and housing with, it will make things a lot easier because they add so much to the economy Рlibtards

    • Posted by HebrewDonkey, at Reply

      John Guiliani I agree with you until your that last sentence. If every one owns property after they die eventually there will be a generation that is born into an already “owned” world. Maybe it’ll just be like the Jetsons in the future and people will have to live in the sky

  11. Posted by CanadianMike100, at Reply

    If a family member dies with unsecured debt, don’t agree to pay it off if you are a family member. In some cases, these collection agencies and banks will harass families of the deceased even if you live in a different state. There is a video on Youtube by a family member of a deceased man who owed 100 000 dollars on credit cards which are unsecured. The family members not only said they were never going to pay it, they were going to sue them if they did not stop harassing them.

    • Posted by Benito Mussolini, at Reply

      Can you link me.

    • Posted by Princess „Éä„ā≥„Éę„Éę, at Reply

      CanadianMike100 Don’t your debts die with you in america?

  12. Posted by Ben B, at Reply

    You work hard your whole life, struggling to pay bills, worrying about healthcare, your job and the education of your children, and you die with nothing to show for it. Meanwhile, the ones on top who benefit most from your hard work and who inherit wealth, live in grotesque luxury having not worked a real job a day in their lives… You still think Capitalism is the best system?

    • Posted by Bob Bobby, at Reply

      Ben B You know most of the people you say are at the top didn’t just magically get a bunch of money out of thin air, they worked hard to get in that position or they created something innovated that consumers bought. The idea that all rich people are just a bunch of schmucks born with millions of dollars and they don’t work hard is idiotic. It is a lot easier to become a manual labor worker versus a ceo of a successful company.

      Also, if you can’t afford to have children, then don’t have children.

    • Posted by D Banks, at Reply

      Bob Bobby that’s outdated thinking wealth has calcified at the top there’s way more people headed to the bottom than the few outliers who are upwardly mobile

    • Posted by Stephanie M, at Reply

      No not at all, if your born poor you either stay that way or get lucky. Want to create your own buisness? You need enough capital to do it on an advrage of 5 times, no matter how hard you work. Unless you have parents who can fund you.

      So get a med degree and work hard that way, sure but again if you don’t have rich parents your starting off 100k in debt.

      Hardwork means you don’t starve, it has almost nothing to do with success. Also people aren’t having kids because they can’t afford them, look at japan, look at the usa, without immigration the country would be dead negaitive birthrates Debt is killing these country’s though depopulation.

  13. Posted by edward hickey, at Reply

    My Grandpa left me his his 3 dairy farms and made me promise to keep in the family, it took 3 month sell it after he passed on, thanks Grandpa!

    • Posted by 6dazey9, at Reply

      Soulless.

    • Posted by z3nkin, at Reply

      i hope you’re lying.

    • Posted by Cesaire Cote, at Reply

      my grandfathers were assholes. Glad they are dead

    • Posted by Michael Robertson, at Reply

      straight up loser

  14. Posted by Emmanuel Cardona, at Reply

    I actually agree with Ana for once. Come to the south, or midwest they’re plenty of families that past their land or property to their kids. Cenk get out of that L.A bubble.

    • Posted by Fucker Carlson, at Reply

      I agree, Ana should look for property in the Midwest, leave LA and hopefully leave TYT.

  15. Posted by mako zero, at Reply

    maybe the best FU to greedy capitalism … die with a lot of debt

    • Posted by Benito Mussolini, at Reply

      mako zero Take out a massive amount of debt like tens of millions, and move to a country where they can’t take your assets like Cuba.

  16. Posted by Tavo Malkhutekha, at Reply

    Average “white” american! Fake rich people of European descent who c ant steal anymore take out loans for homes, cars and education they could never afford.

    • Posted by Benito Mussolini, at Reply

      This isn’t a race issue.

  17. Posted by David D., at Reply

    Cenk should be upset about the death of the family farm in exchange for the corporate farms that have taken over our country. It won’t be long before just a few companies own all of our means of food production.¬† What kind of control can someone take when they have the power to cut of everyone’s dinner?

    • Posted by Benito Mussolini, at Reply

      Corporate farms are a big problem. America was supposed to be a country of small farmers. The land of corporate farms should be redistributed to small farmers.

    • Posted by Benito Mussolini, at Reply

      David D. Also small farmers shouldn’t pay property tax.

  18. Posted by COSMO JOE, at Reply

    The American dream is a dream to a America but a nightmare to the people

  19. Posted by WWZenaDo, at Reply

    Wait – isn’t that money that the corporations can’t collect?

  20. Posted by Blacks For Trump, at Reply

    You mean average democrat dies $67k in debt.