Comment on Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.
FlashMobOfOne@lemmy.world 1 month ago
Stories like this are why I have no hope for the future, at least here in the US.
My eighty year-old grandparents are driving for DoorDash (in my car) and that’s all the income they have to live on. If they hadn’t paid off their mortgage years ago they’d be homeless.
Stories like this are why I have no hope for the future, at least here in the US.
And you think its way better in other places? Name a place that you think is better off that the US. The entire world is addicted to credit and debt.
Not me tho! My houses paid off, cars are paid off, and I have no debt. So fuck that noize.
On this particular topic (credit card debt) it is way better in other places.
The median credit card debt is by far the highest in the US compared to other countries. https://www.cardrates.com/advice/average-credit-card-debt-by-country/
But how much of the US credit card debt is people who can’t control their spending vs economic problems?
I have seen plenty of people who can’t really afford it, have the latest iPhone.
I can afford the latest iPhone, yet I have a $125 android.
Do you think Americans tend to rack up more debt than people from other countries?
If so, do you have an hypthesis as to why that would be the case?
I’m curious since here (France) debt is pretty uncommon and the volumes usually way lower are than in the US (and Canada).
return2ozma@lemmy.world 1 month ago
The empire is collapsing.
Duamerthrax@lemmy.world 5 weeks ago
Ever wonder what it was like to live in Rome during the collapse?
ShepherdPie@midwest.social 5 weeks ago
I imagine it was hot.