Why do Americans pretend they're not broke when most Americans are in debt?
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Honestly, not being a dick and caveat for me not knowing shit about you, but if you are curious enough about the topic to ask, you should take a quick finance course. Not like enroll in college or anything. I wanna say there are tons and tons of free to access resources for learning how debt and assets work that will undoubtedly improve how you manage your own money.
Just to save the search (I use Udemy the most but definitely have not checked out all of these platforms personally, so do yo own due diligence lol)
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Fuck it, lol, here is a link to a list of 30 free financial courses for all types of financing.
No idea who down voted you but holy shit, some people om here resent the idea of having to educate themselves.
Hopefully threat actors but JFC
Do we have a personal finance community on fedi?!
I am sure there is enough middle age cucks here to provide proper info for specific questions.
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I've been there. It sucks. But it was possible for me to get out. It took years. Be careful, and be ready to catch any luck that might come your way.
That's all we can do here. Sadly only some of us will be able tobreak out.
But if everyone did their best, it would deny owners so. i profit at least.
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How else are we supposed to know who's better than who?
I thought you guys used race and gender for that?
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How else are we supposed to know who's better than who?
The Jones's are a bunch of chatty kathy pricks.
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If you own a house or vehicle in the USA there's a good chance you're in debt.
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I thought you guys used race and gender for that?
Oh that too. We make sure to remind the poor white folk they are still better than rich black people
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In debt doesn’t mean you’re broke. Not having money to spend is being broke. I’m pretty sure most Americans will admit they’re in debt.
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Oh that too. We make sure to remind the poor white folk they are still better than rich black people
You said people and folk, but I think you meant men.
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The Jones's are a bunch of chatty kathy pricks.
Yeah, but they have a hot tub.
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Country Last Previous Unit
Norway 210 206 %
Luxembourg 187 182 %
Netherlands 181 184 %
Canada 171 173 %
New Zealand 169 168 %
Denmark 169 174 %
Sweden 151 156 %
Finland 108 112 %
Cyprus 97.14 105 %
Belgium 95.93 102 %
France 95.35 102 %
Euro Area 93.09 96.79 %https://tradingeconomics.com/country-list/households-debt-to-income
Can't find US on there but I am know it ain't first.
Debt is the westoid material condition... The quality of life people enjoy requires it.
Yeah, I was wondering about the US too. Also, I was expecting to see debt:income more like 30%. Am I reading this list wrong?
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I owe nothing!
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Maybe the real curency was the debt we found along the way?
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Yeah, but they have a hot tub.
I mean, I have a hot tub. Granted, it been sitting on its side for about 5 years, the critters have claimed it as their own and now live inside, and the siding is rotted to hell, but it's there.
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You said people and folk, but I think you meant men.
Its implied.
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Right? Who the fuck has a house?
I do, but I bought it used.
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Classism.
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I blame that predestination bullshit that's in the country's DNA. If you're rich it must mean God loves you and if you're poor that's due to your sins.
Not enough people talk about this. This attitude is rampant in the Republican party and no one says a word about it
Not even Republicans -
Yeah, I was wondering about the US too. Also, I was expecting to see debt:income more like 30%. Am I reading this list wrong?
It is measured to income here in %.
So I think it reads avg people carry for the year v income for that year.
It is a a very distorted metric tho... Like GDP just give you the measure of what the avg individual would contribute..
You would have to adjust for age etc to really understand what is going on. Also norway is rich it kinda reflects and rest of the well developed countries do too.
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This post did not contain any content.wrote last edited by [email protected]
If a person has a house they are paying a monthly mortgage payment towards, no one in America would consider them "broke".
I was in debt for several years from college tuition, but would not have been considered "broke" because I managed a job that met my essentials plus enough to pay down my tuition loans.
Debt isn't seen as bad so long as it's being managed. Exceptions for Dave Ramsey fan types.
You could say college and housing and medical stuff should never out a person into debt and I would agree. But that wasn't the question, it was about general perspective in the US.
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This post did not contain any content.wrote last edited by [email protected]
Being in debt isn't synonymous with being broke.
I could pay off my house tomorrow if I wanted, but financially it doesn’t make sense - so I keep the debt. That doesn’t mean my net worth is negative or that I don’t have disposable income.
