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> Giving people bad at personal finance a free ride is not I get what you're saying but if you've ever gotten to "I now have enough credit card debt for it to
by rtpg 3y ago
> Giving people bad at personal finance a free ride is not
I get what you're saying but if you've ever gotten to "I now have enough credit card debt for it to be A Problem", the baseline level of stress in your entire life gets pretty high. That doesn't mean that suddenly everyone has "learned their lesson forever", but especially for stuff like "I was bad at personal finance in my 20s, and now I am better but the debt is still around and a problem", helping people with that debt can just make somebody's life much better.
Nothing is guaranteed but if it were a family member and you had a way to clear out some stuff for pennies on the dollar, it feels like the right sort of thing to do.
- dylan604 3y agoYou've moved the goalposts with making it a family member. What about total strangers? Student loan debt is an entirely different thing though. I'm still on the fence about student loan forgiveness because I specifically stopped going to school because I did not want to take on the debt. It's a sensitive subject, and I am sympathetic to it. I'd be much more open to 0%, or partial payoff to reduce the obviously bloated amounts the schools are charging.
- rtpg 3y agoI didn't mean to move goalposts, and I don't really believe this is something where you can be "right or wrong" about. Just expressing how I feel about it. The thing I was implicitly thinking is that you might do that for somebody you care about, and ultimately things like debt forgiveness programs are also about giving compassion to people you might not know.