Comment on Even households earning $150,000 a year are struggling with credit card and car payments
pdxfed@lemmy.world 5 days ago- college debt
- car debt (public transit has been actively dismantled by oil and car lobby in past 100 years) forcing most people to have to go into hock for a car.
- medical debt because think of the profits
- educational debt - public education that could lead to a populace making better decisions about finance has been deliberately and now almost completely destroyed. We’re going to put crosses in schools but definitely remove math requirements for HS diplomas.
- predatory, colluding landlord practices combined with corporate funds now accounting for 30+% of all residential real estate purchases. Accelerates affordability crisis and related issues
That’s just the starter pack for the US.
Congrats on living in what is likely a low COL area, but many are concentrated in HCOL areas in yhe UD and elsewhere. Look at Vancouver BC and Toronto, same deal in Canada. US has that as well combined with above.