- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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poorest get poorer
So you mean to tell me that those with no money or possessions have somehow attained negative value?
I saw something that said if you have $0, you are wealthier than X% of people in the US simply because you do not have debt.
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Also, wealth does not only come from the amount of assets yoi have, your net income plays a big role in that as well.
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How can you get a credit card or a loan if you have bad or no credit (aka likely someone who is the poorest of the poor)
Go look at places like cashnetusa. They’re the only kind of places that will work with the people you described and they have like 400% interest rates.
You take out a loan of $1,000 and get trapped for years.
