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A comment on Hazard pay in focus as essential workers earn less than the jobless. Parent comment

Re:Hazard pay in focus as essential workers earn less than t... by lucaspm98 on Thursday July 02, 2020 @10:10AM (#23713256)
Honestly, the "debtism" as you describe it is more of a cultural issue of consumerism in America. The amount of people buying new $35,000 cars while they're making $40,000 a year is shocking.

It's been hard for me to understand, but from what I've read the Fed isn't buying stocks directly, although that is somewhat pedantic as they are trying to prop up the stock market through other means. I still don't see how that can be a good idea in the long run.

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Re:Hazard pay in focus as essential workers earn less than t... by iamstupidsimple on Thursday July 02, 2020 @11:22AM (#23714267)
People don't understand how to use debt properly. It should be obvious that being able to borrow against your future earnings is an amazing tool, but so many people are just careless about it and go overboard.
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