Why do Americans pretend they're not broke when most Americans are in debt?

https://lemmy.world/post/34514071

Why do Americans pretend they're not broke when most Americans are in debt? - Lemmy.World

Lemmy

Most americans aren’t in debt.

Most americans aren’t in debt.

American household debt is on a relentless upward trajectory. It was at a record $18.20 trillion by 2025, up $4.6 trillion since 2019. With 90% of Americans having some form of debt

www.debt.org/faqs/…/demographics/

IDK about US education and math but “most” in the rest of the world means more than 50%.

American Household Debt: Statistics and Demographics

Learn more about the demographics of consumer debt in America, including age, gender, ethnicity, income, education level, and family type.

Debt.org

You are a retard.

“some form of debt” can literally mean a credit card that hasn’t been paid off for the month, which applies to almost everyone with a credit card since people use credit cards as a way to build credit.

They’re not in debt in the sense that they don’t have the money to pay off their debts.

Did you make this account today to be rude and ableist?
Hope they throw you out (again)
In debt means just that.
Having debt is not the same as being “in debt”, as in underwater in their obligations vs assets.

Having debt is EXAXTLY same as being “in debt”, it means owing money.
While that can mean 1 cent or 1000000 it is still the same. Just as 1 cent profit and 1000000 are profit.

Anyway still looks like most have a lot of problems: prnewswire.com/…/58-of-americans-say-their-financ…

58% of Americans say their finances are in crisis, Achieve survey finds

/PRNewswire/ -- Over half of Americans (58%) rate their current financial situation as either "Poor" or "Fair," a sign of growing discontent as the struggle to...