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14 Alarming Secrets About Americans Personal Finances

Is a Return to Pre-Pandemic Spending Causing You To Go Over Budget?

During pandemic lockdowns, many Americans significantly reduced their spending on dining out and entertainment. But now that the world has reopened, many Americans are back to their old spending.

Transcripts for CNN Piers Morgan Live 20130327 04:54:00

this kind of money to splash around. so what is going on? do americans overspend? yes, americans overspend. but i think, now, in general, people everywhere, throughout the world, are overspending, as well. i used to travel and talk to people. and they didn t have credit card debt. and they didn t have these things. and now it s rampant throughout the entire world. i think a lot of what happened with the recession and the credit restriction, it taught people that if you don t have money, you can t buy the things that you need. but here s what s happening. people are forgetting already, piers. they re forgetting what it was like. credit limits are expanding again. credit is becoming available for people to buy homes. people are buying homes again without 20% down and we re starting, once again, to get on that track of spending more money than we have to impress people we don t even know or like. yep, and it s not a clever idea, as people can tell you, who have lost their homes and li

Transcripts for CNN Piers Morgan Live 20130327 01:54:00

overspend? at what point is personal responsibility have to kick in. i want to see these sales in november and everyone is rushing out spending billions of dollars. i m thinking where does this money come from? i don t think most of you have this kind of money to splash around. so what is going on? do americans overspend? yes, americans overspend. but i think, now, in general, people everywhere, throughout the world, are overspending, as well. i used to travel and talk to people. and they didn t have credit card debt. and they didn t have these things. and now it s rampant throughout the entire world. i think a lot of what happened with the recession and the credit restriction, it taught people that if you don t have money, you can t buy the things that you need. but here s what s happening. people are forgetting already, piers. they re forgetting what it was like. credit limits are expanding again. credit is becoming available for people to buy homes. people are buying homes again w

Transcripts for CNN Piers Morgan Live 20130327 07:53:00

i can see it in you right now. so if you really want to teach them to save, teach them to save themselves by you saving yourself, girl frenld. [ applause ] thank you very much. i ve asked this a lot on my show in the last couple of years, as the economy has tanked almost the whole time. do americans just generally overspend? at what point is personal responsible ility have to kick in. i want to see these sales in november and everyone is rushing out spending billions of dollars. i m thinking where does this money come from? i don t think most of you have this kind of money to splash around. so what is going on? do americans overspend? yes, americans overspend. but i think, now, in general, people everywhere, throughout the world, are overspending, as well. i used to travel and talk to people. and they didn t have credit card debt. and they didn t have these things. and now it s rampant throughout the entire world. i think a lot of what happened with the recession and the

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