Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcoming twenty four to seven News National correspondent Rory O'Neil
back to the program on a couple of items. One
Rory is that apparently Americans, to the extent that they
had any love affair with electric cars, that may be over.
Speaker 2 (00:16):
Huh, well, may not go that far, but just over
half of Americans now say they either have or would
want to have an electric vehicle in their garage. So
we're about fifty one percent or in that mode. That's
down from about sixty percent back in twenty twenty three,
according to this Gallop survey. Should note the survey was
(00:36):
done the first two weeks of March. Not sure how
much politics of the time was playing a factor as
to whether or not this was a confidence vote in
Elon Musk or the EVS themselves, but one note data
point that's interesting. While about half are on board with EVS,
sixty five percent of US adults either own or would
(00:57):
be happy to have a hybrid vehicle at their house. Yeah.
Speaker 1 (01:02):
I think I could go along with that, because then
you are you're not dependent on either system right exactly.
Speaker 2 (01:09):
And people have that fear that they're going to run
out of juice halfway through their trip or have to
stop for a four hour recharge if they have an
electric vehicle. Now, a lot of that thinking is outdated.
The cars are changing, the technology is getting better, it
seems with every model year. But those are some of
the old fashioned concerns out there, look, and others are
(01:29):
concerns saying, you know, EV is not the answer. It's
an environmental nightmare, either getting the materials for the batteries
or at the other end trying to dispose of it.
But all this is still emerging technology, right.
Speaker 1 (01:42):
The only problem I ever had with EV's at all
was the cram down. You know, if you want one,
get one, but for the government to you know, we're
trying to force it. Another item you're covering here is
that Americans by and large are swimming credit card debt,
which is always unhealthy. What is the upshot of that?
(02:06):
What kind of decisions are triggered by too much credit
card debt?
Speaker 2 (02:11):
Well, right, so we've got about one point two trillion
dollars with the team, what was a trillion in credit
card debt, and that's at an interest rate of about
twenty to twenty three percent, So it's a it's a
bad debt to have, And this new survey up from
bank Create this morning finds about two thirds of people
who have that credit card debt are then forced to
(02:32):
make other poor financial choices. They're not setting aside money
for retirement, They're not setting aside money for their emergency fund.
One number that got me was about a quarter of
those in credit card debt say they now delay spending
on their healthcare due to the credit card.
Speaker 1 (02:48):
Yeah, sure, you got to prioritize. Coincidentally, I just saw
an item here Rory that raising kids here in Nebraska
costs two hundred and fifty thousand dollars raise a child.
That seems like a lot.
Speaker 2 (03:07):
Good of all the benefits of mine.
Speaker 1 (03:09):
Yeah, but it is true. I mean, if you're if
you have children, the financial pressure mounts. And okay, I
got I got less paycheck than I have a month there,
so something nice to give, We'll put it on a
credit card.
Speaker 2 (03:25):
Well, right, And a lot of people have been forced
to do that. Obviously, the pandemic upended a lot of things,
but raising the interest rates during the pandemic and trying
to combat inflation really hit consumers who were dependent on
the credit cards. Because those rates have gone up so much.
And I guarantee you most of the people who have
credit card debt listening right now don't know what the
(03:46):
interest rate is on their credit card. It's never been
harder to find that information on your account. I know
most of us hit the bills by email these days
and never really looked at all the fine prints. But really,
I encourage you to find out exactly what you're paying.
Be surprised at how much that rate has snuck up
on you exactly.
Speaker 1 (04:04):
Rory, Thanks always go to have you on Rory Oeil
twenty four seven News. Yeah, that would be uh and
I suppose this probably is in the ballpark. If it
costs you two hundred and fifty thousand dollars to raise
a child Nebraska is what the number is. That would
be thirteen thousand, eight hundred and eighty eight dollars per
year to age eighteen, which is a little over one
(04:28):
thousand bucks a month. So that still seems high to me. Well,
you know, I.
Speaker 3 (04:35):
Guess they figure all sorts of costs. Well, yeah, house care, yes,
I guess, food, you know, clothing activities thirteen thousand a year. Well,
in that case, it's more almost fourteen. So they're talking
two hundred and fifty thousand to raise a kid. Yeah
that seems okay, Well wait a minute, but what's the
age that must be from birth to death.
Speaker 1 (04:55):
I'm calculating a birth through eighteen.
Speaker 3 (04:57):
Okay, Well, then thirteen thousand a year it is less
than two hundred and fifty thousand.
Speaker 1 (05:01):
Well there's almost fourteen thousand, okay, So fourteen thousand, eight
hundred and eighty eight times ten is eighteen right, times
ten is one hundred and forty thousand, eight more years.
Speaker 3 (05:10):
So you're talking, well, yeah, it's not two fifty. It's
it's probably about I don't it sounds like it sounds
a little high to me, But I don't think I
spent two hundred and fifty thousand dollars.
Speaker 1 (05:22):
Well, you know you mentioned housing. Well I don't know
about that, because you're going to live somewhere. Sure, all right,
so the housing cost doesn't go away if you don't
have the child. And most health insurance is a like
a family plan, So it might be another to calculate
the couple one hundred dollars.
Speaker 3 (05:41):
A month for insurance, but not that much. Yeah, now
you're throwing college. Now you got something
Welcoming twenty four to seven News National correspondent Rory O'Neil
back to the program on a couple of items. One
Rory is that apparently Americans, to the extent that they
had any love affair with electric cars, that may be over.
Speaker 2 (00:16):
Huh, well, may not go that far, but just over
half of Americans now say they either have or would
want to have an electric vehicle in their garage. So
we're about fifty one percent or in that mode. That's
down from about sixty percent back in twenty twenty three,
according to this Gallop survey. Should note the survey was
(00:36):
done the first two weeks of March. Not sure how
much politics of the time was playing a factor as
to whether or not this was a confidence vote in
Elon Musk or the EVS themselves, but one note data
point that's interesting. While about half are on board with EVS,
sixty five percent of US adults either own or would
(00:57):
be happy to have a hybrid vehicle at their house. Yeah.
Speaker 1 (01:02):
I think I could go along with that, because then
you are you're not dependent on either system right exactly.
Speaker 2 (01:09):
And people have that fear that they're going to run
out of juice halfway through their trip or have to
stop for a four hour recharge if they have an
electric vehicle. Now, a lot of that thinking is outdated.
The cars are changing, the technology is getting better, it
seems with every model year. But those are some of
the old fashioned concerns out there, look, and others are
(01:29):
concerns saying, you know, EV is not the answer. It's
an environmental nightmare, either getting the materials for the batteries
or at the other end trying to dispose of it.
But all this is still emerging technology, right.
Speaker 1 (01:42):
The only problem I ever had with EV's at all
was the cram down. You know, if you want one,
get one, but for the government to you know, we're
trying to force it. Another item you're covering here is
that Americans by and large are swimming credit card debt,
which is always unhealthy. What is the upshot of that?
(02:06):
What kind of decisions are triggered by too much credit
card debt?
Speaker 2 (02:11):
Well, right, so we've got about one point two trillion
dollars with the team, what was a trillion in credit
card debt, and that's at an interest rate of about
twenty to twenty three percent, So it's a it's a
bad debt to have, And this new survey up from
bank Create this morning finds about two thirds of people
who have that credit card debt are then forced to
(02:32):
make other poor financial choices. They're not setting aside money
for retirement, They're not setting aside money for their emergency fund.
One number that got me was about a quarter of
those in credit card debt say they now delay spending
on their healthcare due to the credit card.
Speaker 1 (02:48):
Yeah, sure, you got to prioritize. Coincidentally, I just saw
an item here Rory that raising kids here in Nebraska
costs two hundred and fifty thousand dollars raise a child.
That seems like a lot.
Speaker 2 (03:07):
Good of all the benefits of mine.
Speaker 1 (03:09):
Yeah, but it is true. I mean, if you're if
you have children, the financial pressure mounts. And okay, I
got I got less paycheck than I have a month there,
so something nice to give, We'll put it on a
credit card.
Speaker 2 (03:25):
Well, right, And a lot of people have been forced
to do that. Obviously, the pandemic upended a lot of things,
but raising the interest rates during the pandemic and trying
to combat inflation really hit consumers who were dependent on
the credit cards. Because those rates have gone up so much.
And I guarantee you most of the people who have
credit card debt listening right now don't know what the
(03:46):
interest rate is on their credit card. It's never been
harder to find that information on your account. I know
most of us hit the bills by email these days
and never really looked at all the fine prints. But really,
I encourage you to find out exactly what you're paying.
Be surprised at how much that rate has snuck up
on you exactly.
Speaker 1 (04:04):
Rory, Thanks always go to have you on Rory Oeil
twenty four seven News. Yeah, that would be uh and
I suppose this probably is in the ballpark. If it
costs you two hundred and fifty thousand dollars to raise
a child Nebraska is what the number is. That would
be thirteen thousand, eight hundred and eighty eight dollars per
year to age eighteen, which is a little over one
(04:28):
thousand bucks a month. So that still seems high to me. Well,
you know, I.
Speaker 3 (04:35):
Guess they figure all sorts of costs. Well, yeah, house care, yes,
I guess, food, you know, clothing activities thirteen thousand a year. Well,
in that case, it's more almost fourteen. So they're talking
two hundred and fifty thousand to raise a kid. Yeah
that seems okay, Well wait a minute, but what's the
age that must be from birth to death.
Speaker 1 (04:55):
I'm calculating a birth through eighteen.
Speaker 3 (04:57):
Okay, Well, then thirteen thousand a year it is less
than two hundred and fifty thousand.
Speaker 1 (05:01):
Well there's almost fourteen thousand, okay, So fourteen thousand, eight
hundred and eighty eight times ten is eighteen right, times
ten is one hundred and forty thousand, eight more years.
Speaker 3 (05:10):
So you're talking, well, yeah, it's not two fifty. It's
it's probably about I don't it sounds like it sounds
a little high to me, But I don't think I
spent two hundred and fifty thousand dollars.
Speaker 1 (05:22):
Well, you know you mentioned housing. Well I don't know
about that, because you're going to live somewhere. Sure, all right,
so the housing cost doesn't go away if you don't
have the child. And most health insurance is a like
a family plan, So it might be another to calculate
the couple one hundred dollars.
Speaker 3 (05:41):
A month for insurance, but not that much. Yeah, now
you're throwing college. Now you got something
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