▲ 568 ▼ It's important to get a good interest rate (lemmy.world) submitted 2 years ago by The_Picard_Maneuver@lemmy.world [M] to c/lemmyshitpost@lemmy.world 82 comments fedilink hide all child comments
[–] Liz@midwest.social 6 points 2 years ago (1 child) Yeah great point, the US has a very high emphasis on debt, for horrible reasons. permalink fedilink source parent hideshow 2 child comments replies: [–] RGB3x3@lemmy.world 3 points 2 years ago* The debt industry makes so much god damned money for the companies involved in it, it's not even funny. Between student loans and credit cards, US citizens have a collective $1.73 trillion in debt. And let's just assume 15% interest on average (probably a low-ball to be honest): that's $173 billion going to these companies in interest payments per year. Shit won't change here because too many people with too much power are making too much money. permalink fedilink source parent
[–] RGB3x3@lemmy.world 3 points 2 years ago* The debt industry makes so much god damned money for the companies involved in it, it's not even funny. Between student loans and credit cards, US citizens have a collective $1.73 trillion in debt. And let's just assume 15% interest on average (probably a low-ball to be honest): that's $173 billion going to these companies in interest payments per year. Shit won't change here because too many people with too much power are making too much money. permalink fedilink source parent
