Lower cost of living areas pay lower wages though, so unless you remote work a high paying job or commute, the numbers are lower but the ratios are the same.
I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.
this is the 6th time in the past 2 days i see this argument. blaming the people for using the system that has been forced on us over the past 20 years to bolster GDP.
Nobody is forcing you to get a credit card. It’s the stupid american culture that is making you do that. The amount of people who solely use all their income on nothing but food and rent are nowhere near as many as the people who use it to live beyond their means and pay for their overconsumption.
I haven’t mentioned rent, I’ve mentioned cost of living …which includes rent, as well as shopping bills, gas and electric, car payments, clothes, holidays.
My point was the people not be able to pay credit card debt.
Ah shit it’s so simple to relocate. Just sell everything you own, cut ties with everyone you know, and move to a country that just offers citizenship to anyone that asks.
I don’t know why everyone hasn’t done that already.
It’s most likely that people won’t have a choice. Many people, anyway, from what I understand of USian wages and cost of living.
American wages vary as greatly with degrees as cost of living does with location.
Lower cost of living areas pay lower wages though, so unless you remote work a high paying job or commute, the numbers are lower but the ratios are the same.
No, that’s not necessarily true at all. Nor is the concept unique to America. Plenty of smaller cities that aren’t NY, LA, etc. I live in one.
I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.
Groceries.
The debt is for groceries.
Super wealthy people portray it like you just did, but what you said isn’t accurate.
People are putting basic necessities on credit cards now.
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this is the 6th time in the past 2 days i see this argument. blaming the people for using the system that has been forced on us over the past 20 years to bolster GDP.
i smell an attempted narrative change.
Nobody is forcing you to get a credit card. It’s the stupid american culture that is making you do that. The amount of people who solely use all their income on nothing but food and rent are nowhere near as many as the people who use it to live beyond their means and pay for their overconsumption.
Lol, okay buddy.
the most debt held by americans is from medical expenses
I haven’t mentioned rent, I’ve mentioned cost of living …which includes rent, as well as shopping bills, gas and electric, car payments, clothes, holidays.
My point was the people not be able to pay credit card debt.
These days you have to take out thousands in credit card debt to buy breakfast.
For that dept you could just move to a non fucked up country and get citizenship there.
Ah shit it’s so simple to relocate. Just sell everything you own, cut ties with everyone you know, and move to a country that just offers citizenship to anyone that asks.
I don’t know why everyone hasn’t done that already.
Just stop eating so much avocado toast!