Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers are “maxed-out.” According the new report, issued by the bank’s Center for…
As someone whose credit card has been at the 5000$ limit for a couple of months, I’d say it’s capitalism that’s unsustainable.
Between groceries, rent, and the occasional treat to make life barely bearable, I don’t have anywhere to cut expenses. My vehicle is a bicycle. I live with three roommates in an old building in a neighbourhood that’s more down-and-leaving than up-and-coming. I only wear thrifted clothes. My diet consists largely of legumes and rice.
I don’t think you had any ill intent with your comment, I feel like you’re coming from a place of empathy, but it does rub me the wrong way and gives me the impression you might be unaware of the realities that many people are living through right now. I’m relatively lucky, I at least have a roof over my head and never go (too) hungry. A lot of people have it much worse.
If you have an actual tip to deal with my debts, I’d be all ears, but I highly doubt cutting the little luxuries I do afford myself (an occasional craft beer, 50$ of weed every two months or so, and a takeout meal or two per month) would suddenly make my situation financially sustainable. It’s the landlords and the grocery-monopolies that are unsustainable.
As someone whose credit card has been at the 5000$ limit for a couple of months, I’d say it’s capitalism that’s unsustainable.
Between groceries, rent, and the occasional treat to make life barely bearable, I don’t have anywhere to cut expenses. My vehicle is a bicycle. I live with three roommates in an old building in a neighbourhood that’s more down-and-leaving than up-and-coming. I only wear thrifted clothes. My diet consists largely of legumes and rice.
I don’t think you had any ill intent with your comment, I feel like you’re coming from a place of empathy, but it does rub me the wrong way and gives me the impression you might be unaware of the realities that many people are living through right now. I’m relatively lucky, I at least have a roof over my head and never go (too) hungry. A lot of people have it much worse.
If you have an actual tip to deal with my debts, I’d be all ears, but I highly doubt cutting the little luxuries I do afford myself (an occasional craft beer, 50$ of weed every two months or so, and a takeout meal or two per month) would suddenly make my situation financially sustainable. It’s the landlords and the grocery-monopolies that are unsustainable.
Sometimes you can consolidate your debt to a lower interest block. It has helped several of my friends to fix their high credit card debt.
Reverse split round up. Take the money from the nasdaq.