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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 jdsully on Friday May 24, 2019 @09:10PM (#20006534)
There are very few people in America who can pay off a $6,500 credit card bill the same month. $6,500 a month is $78,000 a year and that's before taxes.

After rent, 401k, and taxes you'd need to be making $200,000 a year to make that practical. Well over the 90th percentile of income.

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Re:Nearly 25% of Americans are going into debt to pay for ne... by hkai on Friday May 24, 2019 @11:39PM (#20006964)
Small correction, it's not a monthly amount but rather the statement amount of last month plus this month's spending, so I'd reduce that number by roughly 25%. I don't argue with your other points.
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