Meet the Mericans -- and how they spend.
Eric Edmeades
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Eric Edmeades
Behavior Change Dynamics: Helping people and organizations create lasting behavioral improvements.
Meet the Mericans. They are an American family whose financial lives represent the American federal budget. Their annual income each year is $270,000 and they spend $287,986 each year including interest-only debt payments of $7,750, resulting in a loss of $17,986 each year.
Let's take a closer look. This is roughly what their budget looks like:
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This table showcases the balancing act the Mericans must perform, akin to the federal budget management, trying to align their spending with their income while managing a significant debt load.
And now take a look at their 'health care' spending; this is frightening.
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9 个月No one ever went broke underestimating the intelligence of the American public. -Mencken Sad state of affairs but a great way to illustrate the truth.
Nice to see "health care" in quotation marks. This is indeed a frightening analysis. Aren't medical bills one of the leading reasons for bankruptcy in America?
International Multi-Award Winning Leadership Impact Catalyst: Enabling Leaders and Organisations to navigate complexity and drive impact. | Consultant | Trainer | Mentor | Speaker | Strategist +44 (0) 7757 898 353
9 个月This is a difficult read Eric Edmeades
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9 个月I was reading ?Meercats“ accidentially. How much does the family spend on cats?
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9 个月Incompetency in running the budget has become the “normal” state. And 90% of the people (TV watchers) have no idea what this means for their net worth… A sad current reality…. Can I contribute anything? As a father I talk to my kids about saving and investing. As an influencer I started educating on this on my YouTube channel.