2 ms·
Again, I can't emphasize this enough, the bottom 50% holds 32% of liabilities and nearly 100% of NET liabilities. We just are clearly at an impasse on that tho
by RC_ITR 5y ago
Again, I can't emphasize this enough, the bottom 50% holds 32% of liabilities and nearly 100% of NET liabilities.
We just are clearly at an impasse on that though. You can sell a house to pay off a mortgage so it's not harmful debt because it is OFFSET BY ASSETS THAT ALSO INFLATE (In fact, the brief period where that wasn't true caused the largest financial crisis of our lifetimes). What do you sell to pay off credit card loans/student loans/etc.?