I look at numbers like this and I'm just in complete disbelief. Does this lineup at all to what you experience?

@RustyCrab no but I don't try to live a pretend life

@RustyCrab yeah that looks about right. Mostly I'd imagine it's student and auto doing it, but I've seen people with insane credit balances before

@binkle I don't even know if I would count student debt as real debt because it's been in a state of limbo for decades and basically nothing happens if you don't pay it back

@RustyCrab can't they garnish your wages if you don't pay?

@binkle I've never heard of that happening to anybody

@RustyCrab I once met a guy with 100k in college debt and some useless degree, totally unemployable. He was working as a substitute middle school teacher and was working on getting teaching certifications so he could do it full time. He also just bought a brand new truck, probably like 30-40k. He was living with his parents.

@binkle @RustyCrab yeah and it’s one of the only debts you can’t bankrupt

@RustyCrab Yes, nearly everyone I know is in some kind of debt

If you don't have student loans, drive a paid off shitbox (or don't drive at all), and have a thousand dollars or so saved up you're doing better than 90% of people our age

@RustyCrab@clubcyberia.co when I graduated I had about that much debt but I paid it off and have no debt now but im over 34 lol

@RustyCrab no

This says non mortgage so that total can include vehicles so I'm at half. The car makes up $13k and surprise expenses this year fucked me so thats about half. Now my car is at like 3.2% and the other is less than 1% interest so its really not terrible but it still sucks I have debt.

@RustyCrab Shit's dire

@RustyCrab i am very exceptional so my non mortgage debt is $287,877

does it sound crazy? sure. but i have some really good explanations. i can talk about creative financing all day.

disclaimer: normal sized nose

@RustyCrab @binkle it's because they can be garnished only if you work in a restaurant or bakery

@7666 @RustyCrab motherfucking bank rejected my 5k loan request bitch i need to pay my taxes and get married let me have a little bread you fucking JEWS

@7666 youre a small business owner debt is expected

@RustyCrab none of that is related to the business actually. i am very against debt for business unless it is a specific "here's some money at X interest rate over Y years". we own everything outright and have one tiny loan (<$4k) kicking around on the books.

i do not want to dilute ownership control via investments or excessive debt load as external stakeholders are squarely counter to the mission.

@RustyCrab i thought americans are all rich???

@snacks oh my God bro where have you been

@snacks @RustyCrab We're incredibly rich and incredibly poor at the same time

@RustyCrab I know of multiple people with multi-thousand dollar credit card balances they never seem to be able to pay down

@scathach @snacks part of it has to do with having it so much worse than our parents did economically. A very large portion of men now have to live with their parents well after college. This is part of what's completely destroyed dating because that was (and still is by womens standards) unacceptable and abnormal.

This is not considered to be a mark against you in places where thats been considered normal for generations

@RustyCrab I paid off my student loans by the time I was thirty. I usually carry a few hundred in credit card balances; I could pay them off at any time, but my mom always said carrying a little bit actually helps your credit score (this sounds silly, but she's an accountant, so I trust her).

Here's the rub: Cars are expensive. Even used cars now. Even with a down payment, I can see even a responsible person carrying tens of thousands.

@echo the credit bureaus explicitly tell you that having some debt on a credit card every month helps your score. If you pay it off at the end of the month you don't pay any interest so its whatever

@RustyCrab @binkle the government doesn't like to do it but it is definitely in the cards. it's not a huge deal because it's limited to 15% of disposable income, and if you're barely scraping by that might be a pretty small amount of money each month

the main consequence is your credit rating is raped for a decade. and if you didn't finish school, which is the case for a lot of people, you're totally screwed on getting more loans to finish. even if you qualify for pell grants you can't get them while in default, etc. it's a hard hole to get out of alone

a lot of people are in bad shape re student loans because they bet on the government forgiving their loans. that meant missing opportunities for getting out of default and refinancing and stuff because if they took those options, they would lose eligibility for forgiveness. dumb bet

@deprecated_ii @binkle forgiveness looked like it was all but guaranteed for a while so I can't really fault them for that

Youngins can prioritize paying off debt and be debt free but no they want their avacado toast and bad dragon dongs

@RustyCrab @binkle I never thought it would happen at a large scale. like, 5% chance tops. this country never does anything that would primarily help young (under 50) americans

@RustyCrab@clubcyberia.co
I currently have around 10k in non mortgage debt (car loan) , but i also have the money in the bank to pay it off now. I just make extra payments against the principal every month and plan to have it paid off completely in a year. Will end up paying very little interest.

Maybe im unussual though. Most people.are retards with credit cards.

@deprecated_ii @RustyCrab @binkle Something something "I paid for my college! (at a heavily reduced price compared to modern costs of education)"
Something something bootstraps

@RustyCrab I can't comprehend this, but my family and friends are straight and narrow middle class people who are afraid of being in debt aside from a well affordable mortgage

@RustyCrab It always shocks me to hear other people talk about debt. I'm debt-free with a bank balance and I still judge myself for not doing better. I do live at home and contribute financially.

@RustyCrab
Fun fact: it you've never had debt you don't have a credit score which can prevent you from renting an appartment, buying a car or house, anf otherwise participating in spciety. It's literally so normal that not having debt makes your life more difficult.

@Maroon yes but you're expected to be in $500 of debt per month that you can pay off immediately, not whatever the fuck this is

@RustyCrab
I'm just anfrey because never having been in debt is at this very moment putting me at risk of continued homelessness despite having enough money to rent the place for a year up front. It's all bullshit.

@Maroon in that situation don't they just require a cosigner?

@RustyCrab
Yeah, it's not actually going to be a problem, I'm just angry in principle.

@Maroon @RustyCrab I haven't rented since 2012 but it seems insane these days, like needing a rental history and references and shit

people have never been more atomized but these cocksuckers act like it's 1982 and everyone can pull a binder full of character references out of their ass. most managers won't even serve as references anymore because "liability"

@deprecated_ii @RustyCrab
It's because everyone is so atomized that they need all these written statements. If we still interacted as persons instead of papers in a beurocratic chain of custody one could use informal meadures such as 'yeah he showed me his account ballance and he's good for it' or 'I talked to his boss and he really does work there' or even just 'he seems trustworthy'. We live in a liability culture where if you can't 'prove' you did your due dilagence to un uninvlved third party (like a corporation that owns the apartments you manage) you'll find yourself on the shit list soon as soon as anything goes wrong. We've replaced interpersonal trust with paperwork.

I never understood this retarded push for college. If you're not going into a STEM career then what's the point? Only reason I ever attended university was due to a full scholarship. If not for that I wouldn't have even attended the "free" (garnered from tax slaves) public colleges.

Tell that to the covenant

@Paultron @Maroon @deprecated_ii my manager asks "would you still love me if I was a reference"

@bajax @RustyCrab My brother married a foid in her mid 20's with $40k in credit card debt. Some people are retarded.

@jobanab @RustyCrab jesus.

credit card companies should be burned to the ground and their executives beheaded.

@binkle @RustyCrab watch zac rios on yt