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A comment on Private sector lost 33k jobs, badly missing expectations of 100k increase. Parent comment

Re:Private sector lost 33k jobs, badly missing expectations ... by const_cast on Wednesday July 02, 2025 @03:45PM (#44448013)
I think debt is good, actually, for most middle class households, and they're actively trying to increase their debt because that results in greater cash-flow, more savings, and more security in terms of retirement. That's why buying a home is Goal #1 for most Americans.
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Re:Private sector lost 33k jobs, badly missing expectations ... by brewdad on Thursday July 03, 2025 @12:05AM (#44451536)
Home mortgage debt is mostly "good" debt for middle class households. Pretty much any other type of debt is a net negative in financial terms. There are less tangible benefits to owning a newer, more reliable car for example, so it can be a bit murky. General consumption debt is a bad bet for pretty much anyone.
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