K-12 Tax & Spending Climate: “The Reality Is, Half Of Americans Can’t Afford To Write A $500 Check”

Tyler Durden:

It is what he said next that caught our attention: “The reality is, half of Americans can’t afford to write a $500 check,” Colberg said. He spun that stunning statistic by saying that when US customers sign up for a cellular plan, they’re willing to buy protection in case “they lose that phone or something happens to it.”

In other words, there are millions of Americans who don’t have $500 in the bank but are willing to dish out more than that on a cell phone, and then are stupid enough to make monthly payments that ultimately end up being far higher than $500 to protect their purchase… which they clearly couldn’t afford in the first place.