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90% of Americans have no savings in the first place, they have credit card debt
by 988747 4y ago
90% of Americans have no savings in the first place, they have credit card debt
- Andrew_nenakhov 4y agoInflation does wonders to debt! (At least until they raise the interest rate to match inflation)
- rank0 4y agoSo what about their wages? How are they going to service that debt if the cost of living is increasing faster than their income?
- Andrew_nenakhov 4y agoWages usually increase accordingly. Source: I live in a country with a high inflation.