Posted On: 2006-07-28
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Hi this is Joan and this is episode 52 of The Prosperity Show. Thanks for stopping by. Today we're going to talk about some news items and the economy and how that may be affecting you. But before we get to that, our main site is prosperityplace.com where you can find lots of information to help you improve your relationship with money and yourself. I've been kind of off schedule with these podcasts because there's so much going on here. I'm focusing a lot more of my energy on Santa Fe itself, and the community here, and just a whole lot of new things are coming up, and my schedule is changing. So you could say I have, what you call, the moving stupids, where it's a little disorienting and I haven't found the groove yet for the new schedule. And I'm not used to having this many meetings outside of the house, and that sort of thing. So sometimes a podcast gets put aside for a little bit. And I want to try to get on a more regular schedule, but bear with me while I go this transition. I hope you're going through some transitions, too, cause that means, usually, if your head's in the right place, that you're moving forward.
There was an article in the paper on Tuesday the 25th, with the headline, "Polls show middle class very worried about debt." And the first paragraph says, "although the economy is growing, Americans are deeply worried about their day-to-day finances, especially their debt, according to a survey released last week." In the article it says that a third of the people carry more than $10,000 in debt, and 20% have more than $20,000 in debt. And it also says that about 62% said they were personally worried about debt and that number rises to above 70% for young people, non-whites and single women. So, a lot of people are worried about their debt. They're worried about a lot things, because it feels like things are getting squeezed. With the price of gas, the price of medical care, that's a really big one, and I went to the dentist the other day, and I just don't get how people afford dental care for families. Now, I know I've got a weird mouth and I've had decay problems all my life, almost all my teeth are capped, and no matter what I do, I keep getting problems. So it's been an expensive mouth. It cost me almost $5,000 a year for dental work. And that's unusual. I know lots of people who don't have any cavities. Or I'll have a cavity every three or four years. But with the way kids are eating sugar these days, it's got to be really expensive. And I've seen kids with those metal things over all their teeth in order to save money, and, I mean, dental work is just really expensive. So for a family with kids, everything feels tights, and I can understand why people are charging, because there's nothing in the education of American finances to help people understand what fiscal discipline is all about. It's like...