• Liz@midwest.social
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    6 months ago

    Yeah great point, the US has a very high emphasis on debt, for horrible reasons.

    • RGB3x3@lemmy.world
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      6 months ago

      The debt industry makes so much god damned money for the companies involved in it, it’s not even funny.

      Between student loans and credit cards, US citizens have a collective $1.73 trillion in debt. And let’s just assume 15% interest on average (probably a low-ball to be honest): that’s $173 billion going to these companies in interest payments per year.

      Shit won’t change here because too many people with too much power are making too much money.