20/20 - Digging Out of Debt
Did anyone catch last night’s edition of 20/20? The topic was Digging Out of Debt and they interviewed the Petersons, who were living off of their credit cards. They had $60,000 of credit card debt and that’s how they were surviving. They had two houses, time-shares, two cars, etc, but I believe in the end their net worth was ~ $8,000. Anyways, check out the 20/20 interview by clicking here. It's an eye opener.
posted by Money Turtle @ 9:17 AM
5 comments
5 Comments:
Yes, I saw it. It was amazing that they kept going on vacations and stuff... wow...
NCN
I saw it too. When the financial guy said they had to sell their home, then rent, the wife looked like she had been choked.
crazy people. How the heck do they think they can keep going like that??!!
I've of heard people living beyond their means, but this is pushing it a little bit, huh?
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