@[email protected] to [email protected] • 1 year agoAmericans are facing a record credit card debt crisiswww.businessinsider.comexternal-linkmessage-square15fedilinkarrow-up1113
arrow-up1113external-linkAmericans are facing a record credit card debt crisiswww.businessinsider.com@[email protected] to [email protected] • 1 year agomessage-square15fedilink
minus-square@[email protected]linkfedilink3•1 year agoI don’t think financial literacy is the problem. I think the majority of the debt is incurred because people need to spend money on necessities. No amount of sound financial planning can make that go away
minus-square@[email protected]linkfedilinkEnglish2•1 year agoThis is also true! Increased cost of living combined with stagnating wages. This is partly the reason why “payday loans” exist.
I don’t think financial literacy is the problem. I think the majority of the debt is incurred because people need to spend money on necessities. No amount of sound financial planning can make that go away
This is also true! Increased cost of living combined with stagnating wages. This is partly the reason why “payday loans” exist.