Comment by dick_fineman@discuss.online on Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’

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Just don’t pay. Debt-strikes are far more damaging than a work-stoppage.

It’s most likely that people won’t have a choice. Many people, anyway, from what I understand of USian wages and cost of living.

American wages vary as greatly with degrees as cost of living does with location.

Lower cost of living areas pay lower wages though, so unless you remote work a high paying job or commute, the numbers are lower but the ratios are the same.

No, that’s not necessarily true at all. Nor is the concept unique to America. Plenty of smaller cities that aren’t NY, LA, etc. I live in one.

I’m not talking about rent, I’m talking about the massive credit card and loan debt that has propped up millions of folks trying to live a lifestyle they can’t really afford. In the US, it’s incredibly common for folks to just take on debt for stupid shit, like a jacked up truck they only ever use to drive to the grocery store.

Groceries.

The debt is for groceries.

Super wealthy people portray it like you just did, but what you said isn’t accurate.

People are putting basic necessities on credit cards now.

the most debt held by americans is from medical expenses

this is the 6th time in the past 2 days i see this argument. blaming the people for using the system that has been forced on us over the past 20 years to bolster GDP.

i smell an attempted narrative change.

Nobody is forcing you to get a credit card. It’s the stupid american culture that is making you do that. The amount of people who solely use all their income on nothing but food and rent are nowhere near as many as the people who use it to live beyond their means and pay for their overconsumption.

this is a bit bigger than joe smoe overspending on his credit cards.

Oh yes I agree its the systematic failure of american people to fuck up their own country over generations and be happy about it. In the current era of unparalleled freedom of information, there is no excuse other than being stupid and believing you are not.

I think its american exceptionalism that is to blame since americans geniuinely belive they do not live in a 3rd world oligarchic shithole and that they know what freedom and democracy means. Good news is the current crisis is literally the thing people need to understand what freedom is and why it is important since you have lost it for the first time.

i mean, if your not astroturfing then don’t spread disinformation?

It’s not disinformation. Those jackasses with $70k trucks aren’t paying cash. The folks living in McMansions aren’t paying cash either. Tons of folks in the US live beyond their means and simply take on debt to finance it.

Accusing everyone who raises a point you don’t like of “astroturfing” only makes you look like a paranoid jackass. Now, kindly, do fuck off.

I haven’t mentioned rent, I’ve mentioned cost of living …which includes rent, as well as shopping bills, gas and electric, car payments, clothes, holidays.

My point was the people not be able to pay credit card debt.

These days you have to take out thousands in credit card debt to buy breakfast.

Just stop eating so much avocado toast!

For that dept you could just move to a non fucked up country and get citizenship there.

Ah shit it’s so simple to relocate. Just sell everything you own, cut ties with everyone you know, and move to a country that just offers citizenship to anyone that asks.

I don’t know why everyone hasn’t done that already.

This works great up until the point where a collection agency comes for your property and/or credit rating. I’m not saying don’t strike, but do it with full knowledge there may be repercussions.

Why was this blocked by an instance filter?

Am I getting censored here now too? This is getting really exhausting.

Because .world is biased and has their own agenda.

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Millennials are watching monthly student loan payments skyrocket from $500 to $5000 under Trump: This will ‘crash the economy’(fortune.com)

A Boring Dystopia

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