tal comments on Why do Americans pretend they're not broke when most Americans are in debt?

I know you're joking but I'd much rather buy a very used house than a house made today. At least in the US seems like houses from 20-40 years ago are solid but everything made in the last 5-10 years absolute paper mache dog shit.

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[–] selokichtli@lemmy.ml 6 points 1 year ago

Yeah, but if you were younger than 35 in 2022, your net worth was 39,000 USD. It was already brutal, since society expects people to own, or at least rent, homes in their twenties. Now, I haven't heard about things shaping up for younger people (quite the contrary), Trump's dollars are less biggy and the clocking bomb in the form of inflation, they all paint a gloomy picture.

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[–] magikmw@piefed.social 4 points 1 year ago (1 child)

Credit cards don't have to mean debt if you pay them off before the intrest applies. That's how you use them responsibly. Many don't.

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[–] tal@lemmy.today 6 points 1 year ago* (last edited 1 year ago)

It's debt regardless of whether or not one pays interest. Debt isn't linked to interest. Just means that you have an obligation to pay money to someone.

EDIT: Though in fairness, if one never actually uses a credit card at all, then one never takes out debt, so I suppose it's probably better to say "if one has a credit card that one uses".

EDIT2: Though all this is not to diminish your point that not carrying credit card debt from month to month is generally a pretty good rule to live by.

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