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submitted 1 year ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[-] ryathal@sh.itjust.works 5 points 1 year ago

DTI also includes credit card debt and any other outstanding loans, not just the mortgage PITI. It's still bad, because that means more people are spending almost half their gross paycheck on debt, which leaves very little for food or discretional spending.

this post was submitted on 24 Jul 2023
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