I would do that but the postage is worth more than the money to send it to you.

hahahaha!!

Although the Bahamas is one of the wealthiest country in this hemisphere it also have a very high percentage of persons living pay cheque to pay cheque. Resulting in persons not being able to meet their commitments. What's causing all this debt?

Although the Bahamas is one of the wealthiest country in this hemisphere it also have a very high percentage of persons living pay cheque to pay cheque. Resulting in persons not being able to meet their commitments. What's causing all this debt?


Whoa.

One of the wealthiest nations in the western hemisphere?? How is that??

Whoa.
One of the wealthiest nations in the western hemisphere?? How is that??

must be the West Indies Hemisphere :)

Whoa.
One of the wealthiest nations in the western hemisphere?? How is that??

Highest income per capita, U.S., Canada and Bahamas...

Highest income per capita, U.S., Canada and Bahamas...



How are those figures calculated because it sounds misleading to me.I hope that the numbers are weighted to show income distribution, and I hope that Permanent residents or International persons doing business here are not included. Also our population is very small. I would like to see the numbers on the percentage of working people who own their own homes, own business or engaged in the professions, and are debt free.

Highest income per capita, U.S., Canada and Bahamas...


That's what I thought you meant. The Bahamas has a small population which is why the per capita GDP is higher. But, if you're going by per capita GDP then don't forget Cayman Islands, Bermuda, Virgin Islands, and Aruba are higher than the Bahamas as well.

How are those figures calculated because it sounds misleading to me.I hope that the numbers are weighted to show income distribution, and I hope that Permanent residents or International persons doing business here are not included. Also our population is very small. I would like to see the numbers on the percentage of working people who own their own homes, own business or engaged in the professions, and are debt free.

While you make a good point and the numbers are inclusive of...

This number is calculated the same way no matter where you happen to be in the world. So it is what it is.

You can however drill down and get the results you are looking for...

That's what I thought you meant. The Bahamas has a small population which is why the per capita GDP is higher. But, if you're going by per capita GDP then don't forget Cayman Islands, Bermuda, Virgin Islands, and Aruba are higher than the Bahamas as well.


So Cayman, Bermuda etc. don't have small populations?

even though most people live beyond their means. debt is simply a part of life. un less a person is born rich they will have to borrow money in order to make money.

So Cayman, Bermuda etc. don't have small populations?


They have smaller populations, which is part of my point.

In my opinion, we are receiving the short end as consumers. Interest rate in the Bahamas is mind blowing. The provided creditors in my opinion do not have sufficient competition for them to be scared straight into giving us better and lower interest rate on Mortgages, Credit Card, Savings Account, or even Fix Deposit Accounts. Therefore many of us who are careless spenders are hoaxed into signing legally binding high interst rate contracts.

The vendors only concern is to make an all time high profit at the end of the year. I think the GOVERNMENT needs to be more involved with the cost of living vs minimum wage, they should complement each other. That is a no no in this country.

The minimum rental fee for a two bedroom apt. in a suburban are in New Providence to date would be approximately $800.00 monthly. The majority monthly salary is below $1,500.00. How can a single family provider pay $800.00 monthly rent, and also be able to buy grocery, buy school supplies, pay for transportation, purchase medical supplies, and the other necessities??

debt is a way of life. you have to have some sort of debt for the majority of your working life. it is un excapable.

i say people should avoid unnecessary debt for example:

instead of financing a brandy new car, finance a 2-3 yr old used or pre owned vehicle for less.

instead of paying more for a lexus ES300, buy the top of the line toyota camry.

does your child really need to go to the most expensive school. except for a few exceptions (harvard, princton, yale etc) as long as the school is accreditited it doesnt matter if you went to U of Miami or U of Nebraska. Also it is possible to get education even cheaper if your child took all the required college course work at a community college at a fraction of the price of universites and then transferred the course work to university.

also SAVE at least some money for your kids college education. to start you can stick them in public schools and save that private school tutiton for college. you may still have to borrow money BUT at the end of your childs primary and high school education at least you would have 10-15 grand that you dont have to borrow and that spells less debt and interest for you. (i can see the POOR people now, "suc teet my child going to private school if it kills me")

the same shirt tommy hilfiger selling fo 50-60 bucks old navy selling for like 25 and if they having a sale you can get it for 10. this is just an example to point out that your butt need to go to the outlet malls, TJ MAXX, clearance centers etc. STOP WASTING GOOD MONEY

i went shopping for a large screen TV two weeks ago and gound a 50 in plasma that cost almost 2 grand the store had it marked down to 960.00 becuase of a scratch on the screen that you can only see when the tv is of or the picture goes dark.

institute a polict that if its not on sale you dont buy it. I dont buy anything thats not on sale. these corporations are rich and i aint gonna make them richer.

stop wasting money on DVD's, CD, VIDEO GAMES. www.half.com is a great place to get all those stuff at a fraction of the price. also rent movies instead of buying and if you get one you like, simply copy it to DVD.

credit card are for EMERGENCIES ONLY and oonly have TWO credit cards preferably one by visa and one by master. even though the majority of places accept all you never know.

seek out advise from a financial advisor see how you can save for your retirement in adititon to national insurence and SS.

anyway thats enough of my ranting. all i am saying is DEBT is a way of life seek out ways to minimise your debt.


to answer your question glenn, why so many cant get out of debt is becuase WE ARE STUCK ON STUPID.

we have to drive the latest a greatest cars, live in the most expensive apartments or houses, children must attend private schools, 4 cars in the drive way. million dollar christmas's, expensive cloths, expensive furnishings........... i could go on and on and on.

i am not saying you should have nice things but many dont believe that it is possible to have nice things with out paying a fortune. also many people dont know how to balance and save money. they work and spend... thats it