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Guys I have been speaking to some people who are living in USA...

  1. 749 Posts.
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    Guys I have been speaking to some people who are living in USA and these guys are the so called typical average people.

    This is what I gathered:

    ITS VERY BAD OVER THERE.

    over 50% of citizens in the USA are living from paycheck to paycheck.
    Most of the people in the USA have no savings and have huge debts.
    student loans are huge.
    car loans even though their car cheaper than ours they got massive loans.

    I also ask about their ROTH IRA or their 401K. most of them don't even have 20k balance in there. AND THEY ARE ALMOST and some over 40 years old.

    all this happening while the DJIA is at record high. I think the market now is a very risky place to be in. I think currency is messed up and not safe also. it does not seem to reflect the real situation in USA as per the media/statistics. The people are still struggling despite the news reports. Believe what you want I know that all this scares the hell out of me.
 
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