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Selling assets is actually worse than going into debt. I know plenty of people who would not be able to afford paying their bills without going into debt if the
by gnosis89 7y ago
Selling assets is actually worse than going into debt. I know plenty of people who would not be able to afford paying their bills without going into debt if they had an unexpected 400 dollar charge. The delusion that wealth inequality and massive economic impoverishment is a myth in America is insane. Get out of your bubble.
https://www.federalreserve.gov/publications/files/2018-report-economic-well-being-us-households-201905.pdf https://www.federalreserve.gov/publications/files/2018-repor...
- foogazi 7y agoAssets are a resource you hold instead of holding cash It’s things you bought that you can sell to access those $400 not selling those assets and going into debt is a choice
- gnosis89 7y agoFalse. Assets are a resource with economic value that are expected to provide a benefit. If that benefit is worth more than the current cash value, you actually lose more by selling it. You're free to make stupid choices though, like wrongly defining what assets are.