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[–] 12 points 1 year ago (1 child)

Your personal financial situation is not really representative of the financial situation of Americans in general though.

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  • [–] 15 points 1 year ago

    No, even regular savings accounts have ~4% interest, so it makes sense for anyone who got a mortgage more than 2-3 years ago when the rates went up. Any extra money shouldn't be going to pay down old debt faster, it should be in savings or other high yield accounts.

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