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So how much "bad" debt are you in? (lemmy.world)

submitted 11 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

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Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

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[-] Art3sian@lemmy.world 7 points 11 months ago

ITT: few people having any clue what the difference is between good and bad debt, or that debt is basically essential to creating wealth.

[-] randomdeadguy@lemmy.world -4 points 11 months ago

Wealth is not created, it is taken.

[-] patchw3rk@lemmy.ca 1 points 11 months ago

You literally create wealth at your job.

[-] randomdeadguy@lemmy.world -1 points 11 months ago

actually, I am unstable and an incredible liability. If anything, I am a wealth-shrinking entity, like the common household Offshore Tax Shelter. Beware my economic hoodoo.

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this post was submitted on 20 Oct 2023

106 points (96.5% liked)

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