[PRCo] Re: Europe ....

[Schneider Fred]

Owes is correct.

I suspect the entire list is below average because we are all old men  
except for Derrick.

I will admit to buying gasoline on one because I'm too lazy to walk  
into the "convenience" store and stand in line to pay for the gas.     
But I have a real problem with using a credit card to buy groceries  
yet I see a lot of people doing it and I do not see them punching in  
a PIN that would tell me they are using a debit card.

Remember that if you take out 24 percent owing nothing, those who do  
owe have an average exceeding $100,000.

On Oct 15, 2008, at 10:07 PM, Derrick J Brashear wrote:

> On Wed, 15 Oct 2008, Schneider Fred wrote:
>
>> John:
>>
>> You and I both paid our mortgages off early.   You and I both are the
>> kind of people who loan money to banks instead of borrowing it.   We
>> are in the 24 percent that has no debt.   The average American owns
>
> "owes"?
>
>> $73,000 and I suspect that is consumer debt and excludes mortages
>> because the average U. S. home is over $200,000 today.
>
> I am below-average, including mortgage, then.
>
>
>