Data suggests more Americans are taking loans and for larger amounts. Inflation is a likely contributor, experts said.
  • VubDapple@lemmy.world
    121·
    11 months ago

    I think they’re saying that these “nice things” are purchased with more debt.

    • Zorque@kbin.social
      82·
      11 months ago

      Ah, so instead of “Some people are doing fine, thus everyone is doing fine” it’s “some people have poor money management skills, thus everyone has poor money management skills”.

      Either way it’s a pointless generalization based on personal bias.