I just feel sorry for some kids who won’t know to read the fine print or have ever been taught about compounding interest.
This is too funny not share. It’s a post on new trend called “Debt Maxing”.
https://x.com/howyegettingon/status/1717181200190603280?s=46&t=ZAUw02fsXKhWMkEvtf61aA
Gen-Z have just given up and now taking on as much debt as they can.
Discussion
The issue is wages are not keeping up with inflation of the local currency (even in the US).
So each younger generation is getting poorer and poorer. Plus the price of Housing/Renting and tax rates keep on increasing on those who do make a lot of money so people my age are just giving up.
Its all going to end in tears or a revolution or both.