this post was submitted on 26 Oct 2024
85 points (92.1% liked)

Economy

439 readers
105 users here now

Lemmy Community for economy, business, politics, stocks, bonds, product releases, IPOs, advice, news, investment, videos, predictions, government, money, politics, debate, current trends and more.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 3 weeks ago* (last edited 3 weeks ago)

I grew up with that and "pay off debts before you save". It didn't work out well and I've probably wasted years of my life struggling before I learned to do the math instead.

Oh, my recommendation: check what the situation is in your country and your time instead of trusting what boomers who grew up in a twisted economy say or what you read from a completely different country's economy or era.