▲ 180 ▼ Victim of Tyranny and Oppression starter pack (discuit.org) submitted 1 year ago by kersploosh@sh.itjust.works to c/starterpacks@lemmy.world 27 comments fedilink hide all child comments
[–] troyunrau@lemmy.ca 7 points 1 year ago (5 children) Average US household debt is $105k. permalink fedilink source parent hideshow 5 child comments replies: [–] CallMeAnAI@lemmy.world -1 points 1 year ago (4 children) That's an absurd metric to cite as negative. You're either dishonest or don't understand what you're saying. If the average person in the US only has 105k in debt, including their mortgage, that's a fine situation to be in financially. You're essentially saying that someone with at least 100k, more likely 350k+ in equity, and the ability to live off that equity for a year or two in cases of extreme financial stress. That aside, 4/5ths of that debt is the home. The average person here only has 20k in debt, including their vehicle which is the majority of it. Again debt is going up, that should be monitored and kept low, but that number ain't the cataclysmic burn you think it is. Owning most your home and having a new car payment isn't scrapping by week to week. permalink fedilink source parent hideshow 4 child comments replies: [–] troyunrau@lemmy.ca 7 points 1 year ago (3 children) Over 30% of Americans have negative net worth (more debt than equity). Some recent surveys show 67% are living paycheck to paycheck ( https://www.newsweek.com/2025-rise-americans-living-paycheck-2128753 ). Yeah, it's worse than you think it is. permalink fedilink source parent hideshow 3 child comments replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago (2 children) That doesn't exclude the existence of 10% having a family income over 300k a year. 20% making 250k a year. permalink fedilink source parent hideshow 2 child comments replies: [–] troyunrau@lemmy.ca 5 points 1 year ago (1 child) Yes, wealth disparity is not something to celebrate permalink fedilink source parent hideshow 1 child comment replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent
[–] CallMeAnAI@lemmy.world -1 points 1 year ago (4 children) That's an absurd metric to cite as negative. You're either dishonest or don't understand what you're saying. If the average person in the US only has 105k in debt, including their mortgage, that's a fine situation to be in financially. You're essentially saying that someone with at least 100k, more likely 350k+ in equity, and the ability to live off that equity for a year or two in cases of extreme financial stress. That aside, 4/5ths of that debt is the home. The average person here only has 20k in debt, including their vehicle which is the majority of it. Again debt is going up, that should be monitored and kept low, but that number ain't the cataclysmic burn you think it is. Owning most your home and having a new car payment isn't scrapping by week to week. permalink fedilink source parent hideshow 4 child comments replies: [–] troyunrau@lemmy.ca 7 points 1 year ago (3 children) Over 30% of Americans have negative net worth (more debt than equity). Some recent surveys show 67% are living paycheck to paycheck ( https://www.newsweek.com/2025-rise-americans-living-paycheck-2128753 ). Yeah, it's worse than you think it is. permalink fedilink source parent hideshow 3 child comments replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago (2 children) That doesn't exclude the existence of 10% having a family income over 300k a year. 20% making 250k a year. permalink fedilink source parent hideshow 2 child comments replies: [–] troyunrau@lemmy.ca 5 points 1 year ago (1 child) Yes, wealth disparity is not something to celebrate permalink fedilink source parent hideshow 1 child comment replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent
[–] troyunrau@lemmy.ca 7 points 1 year ago (3 children) Over 30% of Americans have negative net worth (more debt than equity). Some recent surveys show 67% are living paycheck to paycheck ( https://www.newsweek.com/2025-rise-americans-living-paycheck-2128753 ). Yeah, it's worse than you think it is. permalink fedilink source parent hideshow 3 child comments replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago (2 children) That doesn't exclude the existence of 10% having a family income over 300k a year. 20% making 250k a year. permalink fedilink source parent hideshow 2 child comments replies: [–] troyunrau@lemmy.ca 5 points 1 year ago (1 child) Yes, wealth disparity is not something to celebrate permalink fedilink source parent hideshow 1 child comment replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent
[–] CallMeAnAI@lemmy.world 1 point 1 year ago (2 children) That doesn't exclude the existence of 10% having a family income over 300k a year. 20% making 250k a year. permalink fedilink source parent hideshow 2 child comments replies: [–] troyunrau@lemmy.ca 5 points 1 year ago (1 child) Yes, wealth disparity is not something to celebrate permalink fedilink source parent hideshow 1 child comment replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent
[–] troyunrau@lemmy.ca 5 points 1 year ago (1 child) Yes, wealth disparity is not something to celebrate permalink fedilink source parent hideshow 1 child comment replies: [–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent
[–] CallMeAnAI@lemmy.world 1 point 1 year ago Never said it was. As usual folks are reading into my comment pointing out the reality and they, in their heads, have immediately created an entire persona in their heads thinking that I'm pointing out anything else but the dumb assumption that everyone in a nice house and car is swimming in debt. permalink fedilink source parent