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This is a really interesting answer. Not a lot of people wish they had more debt. When new graduates are saddled with debt, a lot of them feel like they have t
by neilk 5y ago
This is a really interesting answer. Not a lot of people wish they had more debt.
When new graduates are saddled with debt, a lot of them feel like they have to take the highest-paying job that's on offer, and that ends up greatly narrowing their life direction. Don't you think that debt would have had similar effects on you?
- s1artibartfast 5y agoNot everyone has the same employment or financial situation. I think a lot of people are more fearful of debt than warranted, just like a lot of people are not fearful enough of debt. For example, I know many people who wished they took on more debt to purchase homes when the market was cheaper, and deeply regret their choices. A lot of students are saddled with oppressive debt, but a lot come out with manageable debt and high paying careers. If I had been more thoughtful, I should have identified myself in the latter group. For me personally, I don't think a few thousand bucks would have had any impact whatsoever. I have a good job and could pay it off without blinking an eye. In my situation, sums like that are essentially irrelevant. These days I worry about things like million+ mortgages, and having enough time with friends and family.