More high-income Americans are falling behind on their loan payments as the market for white-collar jobs cools.
  • some_guy@lemmy.sdf.orgEnglish
    266·
    2 days ago

    Well that’s just living beyond your means. We really need to teach financial responsibility in schools. But we won’t, because then people might liberate themselves from bondage and then who’d work all the service jobs that white collar types want to abuse?

    • sp3ctr4l@lemmy.dbzer0.comEnglish
      16·
      2 days ago

      Here’s how America “works”:

      Fuck you, there is barely any public transportation, and anyone who uses it or some non personal csr transist system is literally hated by most of society.

      Oh and of course, cost of housing goes up exponentially as you try to live closer to where jobs actually exist.

      Also, cars are all wildly unaffordable, and most places won’t even consider hiring you if you don’t have one.

    • yamper@lemmy.worldEnglish
      29·
      2 days ago

      seriously. car payments crushing people? understandable to an extent, cars are required for most americans. credit card debt? thats a personal issue.

      • bdonvr@thelemmy.clubEnglish
        21·
        2 days ago

        Ehhhh I wouldn’t be so sure

        It’s really easy to fall into when you’re month to month.

        You just barely scraped by on the rent and essential bills. Now you have $36.29 to make it through the next 2 weeks.

        But hey, you do have that credit card with a few thousand available. You need to get food for the house and $36 ain’t gonna feed the kids. You’ll be frugal. Maybe $200 or so. You’ll pay it off next month.

        But next month it’s the same story. Minimum payment it is.

        And next month

        And next month

        And then you need emergency dental surgery

        And then…

      • spicy pancake@lemmy.zipEnglish
        21·
        2 days ago

        hi there I’m somebody struggling with credit card debt who is considered extremely frugal with purchases

        the bulk of my credit debt was incurred when I was forced to pay several months of rent using my credit card during unemployment that resulted from a mental health crisis

        not everyone with credit card debt got those balances buying “frivolous” things and even many of those who did were buying those things as self-medication along the same lines as abusing alcohol, drugs, food, etc. (not an excuse, but still a reason to empathize)

        a lot of people I know with large credit card balances have them because they were forced to put uncovered health expenses or astronomically large copays onto the cards in order to not severely damage their health or outright die

        just a friendly reminder that the elite weaponize the working class sentiment of “some people are so much more lazy/irresponsible with money/etc. than I am!” to keep us at each other’s throats shaming each other instead of sticking together as a community

        • No1@aussie.zoneEnglish
          2·
          22 hours ago

          If anyone’s situation improves, look into converting credit card debt into a personal loan. The interest in some cases can be a lot less.

          Usual disclaimers. Everyone’s circumstances are different, and not financial advice.

          • spicy pancake@lemmy.zipEnglish
            2·
            18 hours ago

            I just keep balance transferring it to new cards with promo 0% APR for some months

            the balance transfer fees are significantly lower than card interest for sure (not sure about personal loan interest, I’ll have to check my bank)

            every time I do this I hope that this time around is the time I finally pay it all off before a new crisis arises that I have to pay for. sigh