This is an interesting point as I known a guy that made over $300k working at a bank. They lived in one of the nicest suburbs of Chicago, and were living payche

This is an interesting point as I known a guy that made over $300k working at a bank. They lived in one of the nicest suburbs of Chicago, and were living paycheck to paycheck. They had a chef at home, wife didn't work and so on. He ended up loosing his job and could not make any of the payments. They lost their house, cars, and got divorced shortly after. However, they are still in a different situation than the people that get sucked into those terrible high interest loans. He could literally get a new job as his educated and be back to making over $100k. A person that does not have any skills or education will have a much harder time trying to bounce back. As everything is more expensive when you are making minimum wage.