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A comment on Nearly 25% of Americans are going into debt to pay for necessities like food.

Re:Nearly 25% of Americans are going into debt to pay for ne... by ApolloFortyNine on Friday May 24, 2019 @02:39PM (#20004161)
People are often not very apt at admitting their own mistakes. A self reported study like this probably isn't entirely accurate. You would have to analyze each of their expenses, such as what car are they driving, the size of their apartment, what they spend on entertainment, etc etc, in order to have a truly accurate account.
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Re:Nearly 25% of Americans are going into debt to pay for ne... by frankbreetz on Friday May 24, 2019 @02:46PM (#20004214)
Why is this an increasing issue, since credit cards have been around for decades? The article states "Middle-class life is now 30% more expensive than it was 20 years ago.". I think this may be the major contributing factor to this.
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Re:Nearly 25% of Americans are going into debt to pay for ne... by Kye on Friday May 24, 2019 @05:16PM (#20005347)
Likely explanation: Costs of living went up, wages did not.
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