Millions of Americans Get Wages Garnished Over Credit Card Debt

Re:Millions of Americans Get Wages Garnished Over Credit Car... by reverend_gonzo on Monday September 15, 2014 @10:58AM (#8319256)

Huh? How many people in their 20s know for sure that they're going to be financially well off for the rest of their lives and there isn't going to be a stock market crash or some tragic event that substantially changes the economy?

I have friends who were commercial airline captains in 2000. Then 9/11 happened, and they went on furlough for a number of years and had to work places like Best Buy.

You're saying they should've known that their career was about to get upended and shouldn't have kids because of that?

[ Parent | on HN ]

Re:Millions of Americans Get Wages Garnished Over Credit Car... by zo1 on Monday September 15, 2014 @11:44AM (#8319521)

I wouldn't say they have to do anything drastic, but just make sure that they have a reasonable buffer. Individuals that are in those sorts of situations have many more options available to them when unforeseen life events occur. However, much of the ladder below them is fraught with people that would be ruined if even a delicate imbalance in their lives occurred.

Those are the types of people that need to watch their actions, and count their beans carefully. They're the ones I was speaking of specifically.

[ Parent | on HN ]