return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 days agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square204fedilinkarrow-up1439arrow-down136
arrow-up1403arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 days agomessage-square204fedilink
minus-squarefakeplastic@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up4·9 hours agoI had $90k of mortgage debt that I could have paid off but chose not to because they were charging me 2.5% interest and I was getting 5% interest letting the money sit in a bank account. Debt was most certainly a good thing in that scenario.
I had $90k of mortgage debt that I could have paid off but chose not to because they were charging me 2.5% interest and I was getting 5% interest letting the money sit in a bank account. Debt was most certainly a good thing in that scenario.