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US credit rating


Forum: Financial Planning and Budgeting

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  #1  
August 19th, 2011, 02:07 AM
JessP's Avatar Lovin life and family
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The US credit rating was downgraded...

S&P downgrades U.S. credit rating - Aug. 5, 2011

Are you worried about the effect on you?
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  #2  
August 19th, 2011, 03:18 AM
Happy Song's Avatar Nicole
Join Date: Jan 2010
Posts: 10,921
OK Jessi stumped me!

Food for thought.

How Does The U.S. Credit Rating Downgrade Affect Me? CBS Boston

How the drop in the U.S. credit rating will affect us - St. Petersburg Times

Ok i do not have any debt accruing interest, nor do I have assets acruing gains. There for on that respect the down grade of credit will not affect me.

However this makes for an even weaker economy for my husband to be job hunting in. in addition I am concerns about the fereral reserve monitizing the debt and thus this down grade actually setting into motion hyperinflation. In which case this is a replay of several historical events where countries were in a simular situation and none of them ended well.
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