return2ozma@lemmy.world to News@lemmy.world · 5 months agoEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comexternal-linkmessage-square36fedilinkarrow-up1188arrow-down16
arrow-up1182arrow-down1external-linkEven Top Earners Are Falling Behind on Credit Card and Car Paymentswww.bloomberg.comreturn2ozma@lemmy.world to News@lemmy.world · 5 months agomessage-square36fedilink
minus-squareEq0@literature.cafelinkfedilinkarrow-up4·5 months agoThat assumes your means are constant and your spending isn’t, but this situation is the opposite: long term spending items (mortgage, car debt, significant inflation…) and means that dropped by losing jobs or pay raises that do not match inflation.
That assumes your means are constant and your spending isn’t, but this situation is the opposite: long term spending items (mortgage, car debt, significant inflation…) and means that dropped by losing jobs or pay raises that do not match inflation.