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Debt in America Flat Broke and Borrowing

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Author: MavinOfSavin
Description: The mysterious missing clip from the 20/20 special featuring AmericasCheapestFamily.com. ABC wouldn't post this on their web site, wouldn't write about it, but it's here for the world to see. Contrasts the debt riddled Peterson family with America's Cheapest Family.
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their name is not really economomedis is it???

me too!i don;t fit here and living in belize was so much better!i go into culture shock every time i enter the us after being in a 3rd world country.we take so much for granted....

I think I may be stingier than this family. I think even 20 cents is too much for a pack of Ramen noodles.

I don't think loading fridge with cheap turkies is the best solution. Meat is much more expensive then beans for example. Eating meat every day is not needed.

WOW, Awesome Video Keep The QUALITY Coming

I have 5 children, ages 33, 24, 20, 19, and 17. We've been able to have them, because I was always frugal. They will all have a college education, too. The oldest has an MBA and the second one is applying to medical school now after getting a degree in Biomedical Engineering.

I live in the U.S and I can say from watching a lot of these dumb people. They buy candy bars with a credit card. They live on debt and use one credit card to pay another. All the people you see in fancy cars are drowning in debt, with the exception of a few who actually have the means. People in the US are just spoiled and for the most part FAT! I dont fit in in US because I am in shape and pay in cah for my things.

We need to realise what is truely important. Self-devellopement and happiness. I pray every day that a big depression takes place and that the people will take back the power from the corporations and political elites that rule our society and enslave us! Money and accumulation of stuff just to get valued by a society that bases your own value of the things you possess. It's sick! We need to fight that logic of never ending consumerism by being self-sufficient and independant.

it amazes me... if anyone is "saving" money... I would suggest gold, silver, the euro, oil... things that have value... our US dollar has no value to turn in since 1933... it's paper and not a substitute for gold...

If they can take care of 5 kids, then a family with 2 kids should have less of a problem, providing they make smart choices for food and clothes. Most women today dont have 5 kids.

I follow the same philosophy as the "cheap family" - if you don't have the money, you don't need it. No one should be shamed into buying shiny toys just to keep up with the Joneses. People are so conditioned by this culture of gross consumerism. It's making us all fat and soft.

the only ones who will not be broke are the ones in power. the ones who run the gov't will never be broke because they will demand absurd taxes and fines

We ARE keeping up with the Jonses. The Joneses are up to their ass in debt and so are most of us.

People these days could NOT live through a Depression. We're too addicted to our shiny toys.

Yeah, but you know I think it's deeper than that. I think that, once we realize that having all that "crap" won't make us happy anyway, then we won't feel the pressure to buy it.

Good for you! I'm not knocking marriage here, but do you realize how many guys out there do the wife and kid thing because society SAYS you are supposed to? What about what YOU want? It's so crazy, we are so obsessed with what others think about us over here, to the point of sacrificing our own happiness.

i agree...invest in your health more than movies, expensive clothes and appliances...

same as the golden rule outlined in the video. If you haven't got the money for it, don't buy it. So simple.

I started FLAT BROKE, now im poppin rubber bands

We grow our own organic food and buy organic meat. We're healthy.

spend a little more on organic produce and eat a plant-based diet, and you could send those drug bills down to $0/month.

buying all that processed food crap, yeah might be a little cheaper with coupons but their doctors bills will catch up with them. Buy organic produce, it may be more expensive in the short term but what is your health worth??? Some things you really shouldn't be cheap with. Support local organic farmers!

Ya, Lol. Apparently it's easier to be become debt free than it is to spell it. My bad : )

debit free?

I'm debit free except 43k on my condo. About 10 years ago I realized I just can't afford to go through the whole, wife, house, kids, divorce, loss of home, financial and emotional destruction routine that most guys endure. I love the peaceful sensible life that only living single can bring.

Tags: america's best Borrow Cards cheapest Credit Debt family new seller times york

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