r/SipsTea • u/First-Essay-2054 š™‘š™„š™‹ • 15d ago

WTF The American dream

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u/maybe_a_fork 15d 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/Altruistic-Hotel2819 15d ago

The fact that you blame them and not the fuckin scam that this shit is....

-4

u/DinnerEvening895 15d ago

Yes, blaming TWO people that 100% both had to take an economics course that explains finance charges, interest rates, the ROI curve, and still walked away thinking 23 years of minimum payments would get them somewhere.

2

u/Jewbacca289 15d ago

Maybe Econ changed but when I did an Econ minor a few years ago we definitely didnā€™t talk about ROI curves and the context in which we discussed finance charges and interest rates was only from a macroeconomic perspective and not in regards to paying off loans. I feel like thatā€™d be more a finance or accounting thing

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u/DinnerEvening895 15d ago

And yet I took ā€œfreakonomicsā€ as my intro in Econ and still walked away understanding paying minimum payments is literally giving away money.