Maybe Not Forgotten

Michael Panzner
updated | Author's Website

In “One in Three Americans Paying Bills Late: Survey,” the Herald-News brings us the latest news from the front lines of the so-called recovery.

More than half of adults nationwide — 56 percent — have no budget and one-third don’t pay all of their bills on time, a financial literacy survey shows.

The survey, released Tuesday to recognize Financial Literacy Month, also revealed that 39 percent carry over credit card debt from month to month; two in five are saving less than they were a year ago and 39 percent have no day-to-day savings.

The results show that the painful financial lessons of the recession and high unemployment “are quickly being forgotten,” said Susan C. Keating, president and CEO of the National Foundation for Credit Counseling, which sponsored the survey.

Then again, maybe there is no loss of memory involved. Maybe Americans are returning to old bad habits because they’ve been brainwashed into thinking that things are returning to “normal” by constant propagandizing from the powers-that-be. Or maybe they are in such dire straits that they’ve essentially given up hope on turning their financial lives around in any sort of meaningful way.

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