1001
the debt (lemmy.world)
submitted 1 year ago by Varven@lemmy.world to c/memes@lemmy.ml
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[-] damnedfurry@lemmy.world 1 points 1 year ago

1 in 4 households earning over $100,000 a year live paycheck to paycheck--not because they can't make ends meet, but because their money management sucks. A high income has very little relationship with responsible borrowing, despite what many would assume.

[-] Catoblepas@lemmy.blahaj.zone 0 points 1 year ago

If you stop paying your car or home loan it gets repossessed, people with bad money management still have incentives to pay those on time.

this post was submitted on 07 Jun 2024
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