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[–] 8 points 1 year ago (1 child)

If you own a house or vehicle in the USA there's a good chance you're in debt.

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  • [–] 0 points 1 year ago

    Having debt is not the same as being in debt.

    In debt = your assets are worth less than your obligations.

    Having debt = you owe some money to people, but have the property to back up the debt in case something happens.

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