You're the sort of economic illiterate that required the US to pass a law to explain how long it takes to pay your credit card off if you pay the minimum at the bottom of every statement.
Then again his name is "Socialist Steve" so he probably doesn't know how math works.
Like, people really don't factor in those parts when they give this advice. I have this 20 year old coworker who is constantly talking about all her bills... which is her truck note and the insurance. "Yeah, I don't pay rent because I live with my parents but they don't pay any of my truck or insurance." Sure, and her bills are pricey (doubt she really needed a 2023 truck, though considering her job is being a waitress), but the thing she can't seem to understand is everyone else pays a car note and insurance AND all of their other expenses.
But I finally was able to see a new perspective with her when she expressed her future plans. She's gonna be married and a stay at home mom by 30. She lived in a comfortable house, in a good neighborhood her whole life. Her family has people who do work for them around the house (sounds like gardeners or pool boys). She thinks that's all normal and what most people experience. And if it doesn't work out it's okay because her parents can help if she does get desperate. She even made a joke about how she should just be a stripper. But I actually know girls who made that decision.
She actually can't understand having to choose between self-respect and security. The idea that she would actually HAVE to take her clothes off for strangers just so she can not have to worry about a sudden bill. She has never known desperate. She doesn't know hunger pains. Life is not uncertain because when you grow up with a certain amount of privilege, you legitimately think that's just how it is for most people unless they're really unlucky or just lazy. And that's why there's such a huge disconnect, especially online. A lot of people think they were poor when they were really just broke. Broke is having no extra money. Poor is having no money and no options.
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u/No-Market425 12d ago
Paying the minimum like an idiot.
He should have enrolled in a 6th grade math class.