Re: Debt (Was: How much is a FICO score worth?)

Coffee's For Closers wrote:

> Yeah-but... If other people don't run up debts, then how is the 
> bank going to pay me interest on my savings account?
> 
> And, if everybody else gets a university degree, then how I am I 
> going to rise above the herd by getting one myself?

It is feared that in the US, the distribution of wealth is ****fting to 
be more concentrated, not less. People are getting more educated, but 
there will always be those who do not graduate high school, and those 
who do, but do not go on to college. This thread talked more about 
credit cars use than mortgages. In the 'old days' mortgages were kept at 
the bank writing them and provided income to the bank and the source of 
funds to pay interest on deposits. I don't see that going away anytime
soon.

Joe

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