return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 14 days agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square209linkfedilinkarrow-up1448arrow-down138
arrow-up1410arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 14 days agomessage-square209linkfedilink
minus-squareAmidFuror@fedia.iolinkfedilinkarrow-up1·14 days agoBecause your debt is backed by an asset (house) that may be worth more than the debt.
Because your debt is backed by an asset (house) that may be worth more than the debt.