return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 month agoWhy do Americans pretend they're not broke when most Americans are in debt?message-squaremessage-square208fedilinkarrow-up1450arrow-down138
arrow-up1412arrow-down1message-squareWhy do Americans pretend they're not broke when most Americans are in debt?return2ozma@lemmy.world to Ask Lemmy@lemmy.world · 1 month agomessage-square208fedilink
minus-squareAmidFuror@fedia.iolinkfedilinkarrow-up1·1 month agoBecause your debt is backed by an asset (house) that may be worth more than the debt.
Because your debt is backed by an asset (house) that may be worth more than the debt.