What if someone doesn't have debt? What if inflation just means they're paying 20% more for groceries and 20% more for rent and 50% more for gasoline? What about those who are on a fixed income?
Inflation is a real problem from my perspective, although I'm glad if it leads to student loans being easier to pay off.
according to Northwestern Mutual’s 2018 Planning & Progress Study, which also reports that “fewer people said they carry ‘no debt’ this year compared to 2017 (23 percent vs. 27 percent).”
What if someone doesn't have debt? What if inflation just means they're paying 20% more for groceries and 20% more for rent and 50% more for gasoline? What about those who are on a fixed income?
Inflation is a real problem from my perspective, although I'm glad if it leads to student loans being easier to pay off.
Who tf doesnt have debt? Lmao
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It's difficult to pin down exact numbers.
( https://www.cnbc.com/2018/08/20/how-much-debt-americans-have-at-every-age.html )
A website called shift processing seems to agree with these numbers, saying:
https://shiftprocessing.com/american-debt/
So you definitely have a point that most people have debts
Weird that they don't include mortgage debt. Everyone has it but that doesn't make it not debt
Who tf can afford a mortgage? Lmao
True
It's bad for some people good for others. Same as a lack of inflation. Inflation helps exports but harms imports.