Dave Ramsey said 78% of people don’t pay their credit card bills every month.
Tucker Carlson: What's wrong with having a credit card if you pay the balance every month?
Dave Ramsey: Most people don't.
Tucker Carlson: Most people don't?
Dave Ramsey: That's the great lie. 78% of people don't.
Tucker Carlson: No way.
Dave Ramsey: And they all talk around, talk about how everybody talks about this theoretical discipline that they just freaking don't have. And so, you know, uh...
Tucker Carlson: Wait, 78% roll the balance over month to month?
Dave Ramsey: Yeah. Just like 97% of the people don't pay a 30-year mortgage like a 15, so that it pays off in 15 because they promise themselves they would. "We're going to take out a 30 just in case we need to let up, but we're going to pay it like a 15." 97% do not systematically prepay.
And that's, that's um, you know, Federal Reserve statistics. I didn't make those numbers up. And so, it's just this idea that we have, we trust ourselves with this discipline that's really, just simply not there.