return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square173fedilinkarrow-up1158arrow-down116
arrow-up1142arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 2 months agomessage-square173fedilink
minus-squareAmidFuror@fedia.iolinkfedilinkarrow-up1·2 months 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.