-7
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 16 Jan 2024
-7 points (37.0% liked)
Personal Finance
3819 readers
2 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
Don't get me wrong, I'd much rather be paying $266 in rent, though if I'm making one third of what I do now, I'm still in the same spot, just... with smaller numbers.
Right, as I said, it is definitely more psychological than actually helpful, but it would definitely feel a lot better to see smaller numbers. Hell, the national debt is even hard to write. 33,000,000,000,000
But the national debt is irrelevant to me. It has zero impact on my day to day life. It's just some imaginary number pundits can shout about to push their utterly disconnected agendas.
Even if I could wrap my head around it, that wouldn't improve the credit rating of the nation, even if I could manage to care one iota about that.
I'm sorry, I'm just struggling to understand why it's useful to have a national debt that's a small enough number for me to visualize some quantification of it.
True, but as the national debt grows, everything else grows with it, and inflation, and eventually rent would be $10,000 a month.
Sorry, I don't think I follow as to why that's bad. If I pay, say, $1,000 in rent and earn $3,000 a month, it's the same thing as if I paid $10,000 in rent and made $30,000 a month.
While I can see how those numbers could be reduced into smaller numbers easily, I'm not sure I understand why that is beneficial. My material conditions don't change.
How does the national debt factor into that?
Primarily, just that the numbers are unnecessarily large and could be factored down to more manageable numbers.