Re:We shouldn’t push a positive mindset on those in poverty
by bumby on Saturday February 19, 2022 @04:19PM
(#30400629)
>wide availability of credit
I think I know the intent of why this is on your list, but, honestly, my family members who are in a cycle of poverty are there in no small part because of a cycle of debt. And I'm not talking about unavoidable debt like from a medical condition, but rather from debt from buying depreciating assets they cannot afford (cars, tvs, etc.) Widely available credit, IMO, makes the situation worse.
I think I know the intent of why this is on your list, but, honestly, my family members who are in a cycle of poverty are there in no small part because of a cycle of debt. And I'm not talking about unavoidable debt like from a medical condition, but rather from debt from buying depreciating assets they cannot afford (cars, tvs, etc.) Widely available credit, IMO, makes the situation worse.