Warren is making her first NC appearances today in two events, one in Raleigh at a high school and one at NC A&T.
NC is a battleground state, so we are sure to get many appearances by both the Dems and by Trump.
Q "Why do you like Duke, you didn't even go there." A "Because my art school didn't have a basketball team."
What really gets me isn't folks not taking advantage when they're fortunate to have access to such financial services, it's the percentage of Americans still operating completely outside what most of us would consider conventional financial services. It's something like 1 in 4 US households that either don't use any banking services at all or primarily leverage things like payday loans.
Exactly! Why doesn’t everyone immediately realize you cannot beat a guaranteed 150% return?
I’m very proud of our 401k and I’m always selling it. We match 150% up to 6% and have always paid all administrative fees (which have averaged 0.87% over the last 20 years). Nevertheless, about 10% of our financial industry workforce, over the last 20 years, never participated.
Sage Grouse
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'When I got on the bus for my first road game at Duke, I saw that every player was carrying textbooks or laptops. I coached in the SEC for 25 years, and I had never seen that before, not even once.' - David Cutcliffe to Duke alumni in Washington, DC, June 2013
Not sure it’s 25%, but I completely agree with your point. I’ve done a lot of work (mostly volunteer) in this arena and it’s amazingly hard to change. Many cultures are scared of traditional banking because of bad family experiences in their native land. The vultures who knowingly and intentionally exploit these people hate it when I speak in public. I have absolutely no hesitation to clearly explain exactly what they are doing to other humans! If they aggressively defend their choices, in public, then I’m also sometimes guilty of pointing out their private jets, exotic cars, and multiple mansions.
Years ago my brother in law who lives in Greenwood SC was working for a cotton mill (it's was a mill town and he was on the maintenance crew). His father worked there was well. They switched from a traditional pension to a 401k. The first time he and his dad saw a loss on their 401k statement (because of short term market fluctuation) they both pulled out of the 401k. I couldn't believe what I was hearing...especially since my sister was defending her husbands ridiculous decision. He's switched jobs since (his Dad never did) so hopefully he pulled his head out of his arse and got back in. He currently works for Piedmont Technical college but my sister is a public school teacher which means they will be OK in the end.
When you have relatively little money and you work extremely hard for every penny, then it’s extremely hard to watch your savings disappear! Unfortunately, most people in this situation know relatively little about finance. IMO, the US and state education systems have completely failed them. IMO, instead of making Geometry a mandatory class, the US and state education
systems should make a basic financial class mandatory. Teach our children how to responsibly handle a checking account, credit, budget, pay taxes, invest, etc. Give them a fighting chance before exposing them to the vultures.
Sorry for so many posts, but these issues really bother me and positive changes must happen.
Debates coming up in two weeks, right here in Atlanta! Yesterday, a tenth candidate qualified to participate. Ugh... I was hoping to whittle the field down a bit and I think Gabbard is sorta fringe, but it appears this will be the debate field:
FiveThirtyEight is looking at who will make the much harder to qualify for December debate and it really appears that debate will be smaller. Here is where we stand on that field:
I think it is telling that Klobuchar is already qualified while Booker is sitting on zero polls and not enough donors. It is clear to me that the moderate senator who may be able to claim the electability mantle seems to be falling to Klobuchar. This next debate in November may be Booker's last stand.
-Jason "I wonder if the DNC will tighten debate rules even further... maybe make it 8 or 10% in polls to make the January debate? That would yield a 4-person debate" Evans
Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?
Iowa poll by Quinnipiac (B+ pollster rating, very good):
Warren 20
Buttigieg 19
Sanders 17
Biden 15
Klobuchar 5
Harris 4
Gabbard, Yang, Steyer 3
Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?
I'm a bit surprised that Klobuchar finds herself a distant fifth in Iowa poling (last I saw). She seems to be getting little of the Next Door Neighbor effect Warren and Bernie get in New Hamster. I guess Iowans just aren't all that impressed with her.
(Without getting into issues, I find her to be a pretty solid candidate, would have expected more Hawkeye traction for her).
I'll move any other comments on this topic to the Investment Thread where it's more appropriate but I'll just link the FDIC National Survey of Households, which is where the 25% figure comes from. Specifically, the FDIC estimates the "unbanked" at about 6% and "underbanked" at about 18%. My comments weren't very specific but this figure is what I had in mind...
My first thoughts were the following two questions: Do we really need all 10? At this point, couldn't we just go with that top 5?
Leaving those as rhetorical, do you all think that having such a large field works against the Dems at this point? I know 3 years ago...lots of GOP hopefuls, etc but I think the Hillary factor prevented the large field from being an issue (meaning HC was not good at elections and was not super electable because of all her baggage - real and propaganda). Of course DT's baggage this time...
At least with all this impeachment stuff maybe a few folks have learned a little Latin