return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 month agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square195linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 month agomessage-square195linkfedilink
minus-squareBronzebeard@lemmy.zipBannedlinkfedilinkarrow-up0·1 month agoHaving debt is not the same as being “in debt”, as in underwater in their obligations vs assets.
minus-squareBloomcole@lemmy.worldlinkfedilinkarrow-up0·1 month agoHaving debt is EXAXTLY same as being “in debt”, it means owing money. While that can mean 1 cent or 1000000 it is still the same. Just as 1 cent profit and 1000000 are profit. Anyway still looks like most have a lot of problems: https://www.prnewswire.com/news-releases/58-of-americans-say-their-finances-are-in-crisis-achieve-survey-finds-302521350.html
Having debt is not the same as being “in debt”, as in underwater in their obligations vs assets.
Having debt is EXAXTLY same as being “in debt”, it means owing money.
While that can mean 1 cent or 1000000 it is still the same. Just as 1 cent profit and 1000000 are profit.
Anyway still looks like most have a lot of problems: https://www.prnewswire.com/news-releases/58-of-americans-say-their-finances-are-in-crisis-achieve-survey-finds-302521350.html