News for hackers. Stuff that matters.

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

Re:Nearly 25% of Americans are going into debt to pay for ne... by anthuman on Friday May 24, 2019 @04:13PM (#20004883)
I suspect rising income inequality and increasing housing costs are the primary drivers of CC debt.

You generally can't pay rent with a CC and if rent goes up but income doesn't, then I could see people using CC to make ends meet.

Of course for some, overconsumption is the culprit, but I doubt it is for most people.

[ Parent | on HN ]
Re:Nearly 25% of Americans are going into debt to pay for ne... by _bxg1 on Friday May 24, 2019 @04:34PM (#20005032)
In the article, it says for 32%, discretionary spending was the primary cause. That's all I was talking about.
[ Parent | on HN ]