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£1,300,000,000,000 in debt

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Comments

  • ZTD
    ZTD Posts: 24,327 Forumite
    As it stands, it is not important. The country as a whole hasn't had a LBM. In fact I'm sure many on this board can attest - debt doesn't matter until it does matter, then it matters in spades.

    We're not there yet.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    The mist clears.............I see a fan - a bloody big fan........something brown and large is about to hit it!
  • KellsBells
    KellsBells Posts: 444 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Penny2myName wrote: »
    Here Here!!!
    Actually I do believe this is something that needs to be taught in schools, possibly during phse lessons or what ever its called. Save the next generation from falling into the debt trap, especially with what they will have to pay if they intend going on to uni.

    Couldn't agree more - it was my financial ignorance that caused me to land in debt - I will go all out to teach my children important financial skills such as budgeting and saving.
    DFW #414, MoneySaver, Income Booster

    It Always Seems Impossible Until It Is Done.
    £2,022 in 2022 #39 - Current total £2.90
  • auntie_brenda
    auntie_brenda Posts: 274 Forumite
    so 1.3 plus all those noughts, divided by say 60,000,000 = an average of £21,666.67.

    Yeah!!!!!! I may be up sh*t creek but at least I'm less than 1/3 of national average!!!!!! :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:
    Debt 17 12 06 - £7700.:eek: 1st Feb 07 £6903, getting there ;) 1st March 07 £6666 (yikes!) 1st April 07 £6329 17.8% 1st May £6085.48 21%, 1st June £5522.13 28.3%, 1st July £5194.46, 32.54%, 1st Aug £4700, 39%, 1st Sept £4411, 42.7% :j :j:j
    Dreaming of Another Country Club Number 12!!!!!
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    mystic_trev wrote: »
    The mist clears.............I see a fan - a bloody big fan........something brown and large is about to hit it!

    Is it the worlds biggest chocloate muffin? :drool:
  • ZTD
    ZTD Posts: 24,327 Forumite
    ts_aly2000 wrote: »
    The scary thing for me is that I'm not in debt. I don't owe anyone anything.

    You do - you owe your share of the national debt (or as it is published) which comes to about £20,000 for every (legal) adult citizen.

    Or about £80,000 for every working adult.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • ZTD
    ZTD Posts: 24,327 Forumite
    Penny2myName wrote: »
    Here Here!!!
    Actually I do believe this is something that needs to be taught in schools, possibly during phse lessons or what ever its called.

    It'll never happen. If the Government didn't want you to spend everything and more, interest rates would never have been made low, and they would stop printing money like water.

    People *do* save if real interest rates are high.
    "Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
    "We were born and raised in a summer haze." Adele 'Someone like you.'
    "Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky."     OMD 'Julia's Song'
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    southernscouser wrote: »
    Is it the worlds biggest chocloate muffin? :drool:

    Yep - but wait until you taste it! :eek:
  • Penny2myName
    Penny2myName Posts: 1,605 Forumite
    Part of the Furniture Combo Breaker
    Think the next time I tell daughter to take a book to bed, I will give her my course book from OU (personal finance in context) first few pages seriously go on about the state of this country's finances last year at least.
    19th March 2007 LBM£5,969.63 1st January 2018 £5960.18, 1st January 2019 £11,032.0018th August 2023 £12,435.00, Student Loan £22244.00 From 2009-12Challenges: To learn to stop spending..
  • GingerSte
    GingerSte Posts: 2,486 Forumite
    £1.3 trillion hey?

    So the rest of you owe four quid between you?
This discussion has been closed.
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