No one should be that far in the hole. We’re barely above the poverty line but don’t owe anyone. Old vehicles paid off. Mortgage paid off. Cards are paid every month. Knock on wood, it gets tight around property tax time but doing without and making priorities is better than being in debt.
“The average U.S. household owes $8,600 on credit cards”.
https://abcnews.go.com/Business/credit-card-debt-surpasses-trillion-us-time/story?id=53608548 Just wait until they charge even more on holiday spending.
Same as Ocasio-Cortez, who is quite wealthy, but whines she can’t afford D.C. rent. Boo hoo. Maybe she could could back on her thousand dollar outfits and set priorities.
That engineering degree will get him a lot further than all those underwater basket weaving degrees.
We’ve got a modest mortgage and do have a car note.
I could pay it off but I’m making more money in investment interest than the interest payment on the car, so I figure that I’m ahead of the game.
Only ever buy used cars, modest homes.
Kids are all gone so life is more comfortable now but I still only buy clothes on clearance.