How are so many people accumulating so much debt? Do they just fall for the trap of “free money” or what? It is not the median, but I doubt that it would be much better. So all of those people being poor does not add up, that would mean ~~half are poor but wiki lists 40 million. Are many of those actually for big stuff like a car or whatnot instead of small things that I connect with credit cards?
I paid for the car I got from a government auction with a credit card! Paid it off before interest could kick in though. It did feel odd when I was paying.
I am asking what these people do with it. But I do not know, I do not understand that on a fundamental level, like how anyone can vote Trump. Hence I ask. If you know it please share this knowledge.
How are so many people accumulating so much debt? Do they just fall for the trap of “free money” or what? It is not the median, but I doubt that it would be much better. So all of those people being poor does not add up, that would mean ~~half are poor but wiki lists 40 million. Are many of those actually for big stuff like a car or whatnot instead of small things that I connect with credit cards?
If you’re paying for things like a car with a credit card then I’m not sure what to tell you.
I paid for the car I got from a government auction with a credit card! Paid it off before interest could kick in though. It did feel odd when I was paying.
I am asking what these people do with it. But I do not know, I do not understand that on a fundamental level, like how anyone can vote Trump. Hence I ask. If you know it please share this knowledge.
Well, from the point of view of someone that had credit card debt at one time I’ll tell you my thought process.
I want that thing and I can probably afford another $20 a month. Then repeat.