4 ms·
It sounds like these people could be going into debt. The graph compares consumption, which does not imply the spending was the direct consequence of having som
by JMTQp8lwXL 7y ago
It sounds like these people could be going into debt. The graph compares consumption, which does not imply the spending was the direct consequence of having some earned income.
- HarryHirsch 7y agoHow about necessary expenses? In the US a vehicle is a near-necessity, whereas other countries actually have functional public transport. Car ownership just entails higher expenses, with no improvement in quality of life.
- sjg007 7y agoWell car ownership can improve quality of life. You spend less time in bad weather.. you can live in a quieter area outside of town.
- ummonk 7y agoDoes discharging debt in bankruptcy count as earned income?
- NeutronStar 7y agoHas the debt already been taxed?
- sjg007 7y agoI think there can be tax implications. Maybe a judge can waive those though if they aren't by default.