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> Is everyone swimming in debt? Probably https://fred.stlouisfed.org/series/CCLACBW027SBOG https://fred.stlouisfed.org/series/CCLACBW027SBOG
by fullshark 3y ago
> Is everyone swimming in debt?
Probably
https://fred.stlouisfed.org/series/CCLACBW027SBOG https://fred.stlouisfed.org/series/CCLACBW027SBOG
- fuckthisshit3 3y agoDebt is a socialized hallucination. If people refuse to give up on it, we can just take the money back from the rich too through taxes. Reaganomics legalized looting pensions to invest on Wall Street. There's precedent for expropriation of wealth of the dying. What are a bunch of retirees going to do? Fight back against 20-30 somethings? Boomers benefited from New Deal then killed it. There is no market, just a legalized generational Ponzi scheme.
- 01100011 3y agoNot so bad when adjusted for inflation but not great: https://usafacts.org/articles/the-state-of-household-debt-in-the-us/ https://usafacts.org/articles/the-state-of-household-debt-in... I'm not sure what it looks like if you adjust for population growth. Debt to GDP is looking good, but with wealth inequality as bad as it is(thanks Jerome!) I'm not sure that matters as much.