Here's how much the typical American pays in debt each month
www.cbsnews.com
The average amount of debt people pay on their mortgages, credit cards and other loans has jumped sharply since 2020, study finds.
  • circuitfarmer@lemmy.sdf.org
    11·
    11 months ago

    If you have to go into debt to afford something, then by definition, you can’t actually afford it. If I need to buy a car, I buy one with the cash I have available to purchase a car. I don’t rely on a bank to give me money I don’t have to make a purchase that I couldn’t otherwise afford.