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A comment on How to be mediocre and be happy with yourself. Parent comment

Re:How to be mediocre and be happy with yourself by amelius on Monday August 22, 2016 @10:44AM (#12336647)
Perhaps people's bank balance should be coupled to their facebook accounts; so that if people go on a holiday and post nice pictures, you can say: "ha, but your balance dropped by $5000".

EDIT: It may sound like a ridiculous idea, but I think it would make for a great social experiment.

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Re:How to be mediocre and be happy with yourself by bbctol on Monday August 22, 2016 @10:54AM (#12336719)
Seeing that someone else had lots of money to spend on a nice holiday wouldn't make me feel better about my situation...
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Re:How to be mediocre and be happy with yourself by cmdrfred on Monday August 22, 2016 @11:08AM (#12336833)
Debt would be a better indicator really. A lot of people you think are 'doing well' where I live have 50k in credit card debit and owe 25k on their car.
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Re:How to be mediocre and be happy with yourself by pavlov on Monday August 22, 2016 @12:01PM (#12337237)
Just the amount of debt isn't a great indicator, you also have to look at the interest rate. And those are all over the place in today's world.

The European Central Bank's refinancing interest rate is currently a negative -0.4%. If I could have a line of credit at that rate, I would take all I could -- for every million euros I borrow, they would pay me 4000 € / year in interest!

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Re:How to be mediocre and be happy with yourself by cmdrfred on Monday August 22, 2016 @12:31PM (#12337467)
I agree, I'm not talking about mortgages or even reasonable student loans here, there is a good change they will generate value for the borrower. It's more about unsecured and underwater debt, that car that is worth 10k but you owe 25k on for example.
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