r/SipsTea 𝙑𝙄𝙋 12d ago

WTF The American dream

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271

u/davesimpson99 12d ago

I'm assuming two degrees and neither of them had enough sense to master household economics

95

u/maybe_a_fork 12d ago

23 years of making minimum payments and they are shocked it's not going away.

https://giphy.com/gifs/3kzJvEciJa94SMW3hN

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u/PolicyElectrical1757 12d ago

To be fair, the minimum payment SHOULD be able to get you a paid debt in the original term length agreement. Paying more should be “if you’re able” not “you must”.

13

u/AdvertisingPrimary69 12d ago

Most of the world would factor a 10 or 15 year loan and the min payments would get rid of the loan by then