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 LATEST
FINANCIAL NEWS
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 US
Bankruptcies are at an all time high. Almost one out of every 100
households in the United States will file for bankruptcy.
Making
the minimum payment on a $15,000 balance at the average annual 19%
interest rate, it would take you 38 years to pay off. Also you
would pay $25,455 in interest alone, or a total of $40.455 for the
privilege of charging the $15,000!
Over 95% of all Americans will retire financially dependent on the
government, charity or family.
(U.S. Dept. of Health & Human Services)
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