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A comment on It Ruined Everything’: Buy Now, Pay Later Drives Gen Z into Debt. Parent comment

Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by spicyusername on Saturday November 26, 2022 @10:57PM (#33760168)
One thing I see that gets left out of this advice is that only works if you get a pay raise.

The whole idea that inflation eats into future debt assumes that your pay inflates alongside your expenses.

Inflation doesn't magically make debt cheaper, your rising salary does.

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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by cmrdporcupine on Saturday November 26, 2022 @10:58PM (#33760173)
Also some of the assets you buy with your debt (say, a house) are also potentially losing value with inflation (and higher rates) in the mix.
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Re:It Ruined Everything’: Buy Now, Pay Later Drives Gen Z in... by funstuff007 on Sunday November 27, 2022 @08:57AM (#33762951)
but if you buy canned goods, and finance with negative interest rate debt, that's a winner.
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