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Using your logic, a person in debt living in a nice house driving a nice car is worse than a homeless person without any debt. Another example of your logic, a
by DrProtic 10mo ago
Using your logic, a person in debt living in a nice house driving a nice car is worse than a homeless person without any debt.
Another example of your logic, any MD with a huge student debt is worse off than pretty much everyone in undeveloped world?
Or a person with a business loan but a successful business.
- happytoexplain 10mo ago"Using your logic" is almost always an overreach that uncharitably extrapolates and puts words in a person's mouth, and this case is no different.
- DrProtic 10mo agoYou used a generalization to attack the format of the message rather than its content. If I rephrased it to a question about their thoughts how degree holders fit their model then suddenly it would be fine?
- claudiulodro 10mo agoReal estate, automobiles, credentials/degrees, and businesses are all assets that would counterbalance their debt. (Credentials and degrees are not liquid, but you'd be hard pressed to argue that a doctor's license isn't worth many dollars). The much more likely situation is a person with no assets or money and some credit card debt. Indeed, a person with simply no money is better off than such a person.
- BobaFloutist 10mo agoRight, and they're arguing that the quoted statistic isn't counting credentials and degrees as assets, because there's not a convention for how to value them.