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42 sats \ 5 replies \ @Satosora 24 Apr \ on: USA: private credit card debt explodes econ
This is normal though. People take on debt because they are careless with money.
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0 sats \ 4 replies \ @freebookspls 24 Apr
That's partially true.
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0 sats \ 3 replies \ @Satosora 24 Apr
people dont need iphones to live.
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0 sats \ 2 replies \ @freebookspls 24 Apr
So....?
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42 sats \ 1 reply \ @Satosora 24 Apr
I think it is more that people are living outside of their means.
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52 sats \ 0 replies \ @freebookspls 24 Apr
Do you realize the spikes happen right after massive dollar emissions by the Fed?
Pinning the increase in debt to "people are dumb" is easy but imprecise (I'm being polite)
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