CCC038: Debt in America and The Real Unemployment Rate
Cash Car Convert
English - August 03, 2014 13:03 - 34 minutes - 31.3 MB - ★★★★★ - 79 ratingsInvesting Business Leisure Automotive debt economy used auto car cash credit loan money new Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
So many topics to cover this week.
I apologize for missing a week on my podcast.
A friend who lost their job had their car repossessed.
The Urban Institute publishes a report on Debt in America. This report shows that 91 percent of the population in the United States has a credit score. Of those 35% have at least one account in collection. Seriously!
Also discussed is the really unemployment number for the United States based on an article by Peter Morici in the Washington Times. While unemployment stands at 6.1% according to the Labor Department, based number of factors a case could be made for real unemployment being at least 18%.
A relay the story of how proper savings has led one friend to smile continuously while discussion her retirement.
I discuss how making a small change in your life can have a major impact.
I encourage listeners to come and meet me at the Podcast Movement and Fincon 14.
I also share information about Podertainment Podcast Magazine and my feature resulting in my being on the cover.
Last but not least, I encourage listeners to vote for the Cash Car Convert podcast as the best personal finance podcast in 2014.