Comment on Even households earning $150,000 a year are struggling with credit card and car payments

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BombOmOm@lemmy.world ⁨5⁩ ⁨days⁩ ago

Yeah, lifestyle inflation is a a problem that so, so many people put themselves into.

They are living paycheck to paycheck, get that nice new job earning 3x as much. And instead of paying off their debt and getting into a very cosy financial space; they instantly start spending 3x as much money on stuff, and now they are suddenly living paycheck to paycheck again.

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