3 ms·

The pain is more to do with debt to income ratio than absolute debt In general poorer people tend to have more trouble servicing debt

• bb123 3y ago
  What variable rate debt do poor people usually have? You have to be of a certain income level to even get a mortgage in the first place.
  • cudgy 3y ago
    Lose your job and you are instantly poor with an accompanying mortgage payment as if you weren’t.
    • bb123 3y ago
      Who said anything about losing jobs here? Joblessness is exceedingly low.