21d

INTP

87

DOOMSDAY is here?

Credit card debt just broke a world record nobody wanted. People are swiping cards to buy groceries and then paying 22% interest on those groceries. Globally, credit card debt just hit an all-time high. Translation: We are literally taking loans to eat dal-chawal and then paying interest on the dal.

9

3

Finance Community

The finance community, chat, and discussion.

24K SOULS

Mohit Sinhmar (JAAT)

21d

ISFP

Sagittarius

Thanks to God for not being in a situation to buy a credit card 🫥

2

0

A≠IČKA

19d

INTJ

Sagittarius

91

Far from everyone. Debt is increased risk and it is not sustainable long term, not for individuals and not for nations. What is needed step #1 is to create for yourself a decent pile of cash that you can then borrow from interest free when there is an emergency. Become your own bank esentially. Credit card comapnies do not want to help you become independent with your money because THEY ARE MAKING MONEY OFF YOU. Get other advisors and talk to people teaching common sense and you will feel a lot more at peace with financial choises!

1

0

Ákos Tóth

20d

INTJ

Pisces

54

Most of the world doesn't use credit card. In fact if I remember correctly only USA, Canada, South Korea and Brazil uses credit card system. Rest of the world uses debit. The correct measurement of world population wealth would be debit / purchase power

0

0

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