this post was submitted on 05 Sep 2026
786 points (98.6% liked)

Work Reform

17528 readers
1047 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 3 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] heartSagan5@lemmy.zip 3 points 1 week ago* (last edited 1 week ago)

Loan sharks love this desperation of that $23-33/mo in the budget for clothes, etc.

The cars are bloated in price too. They aren't selling you the car, they're selling you the loan/payment plan. You ever notice how they don't like hearing, "I can't afford this," it's "Get X with only $/mo"

That's why the 2008 Recession occurred, the subprime mortgage -- people who were risky to begin with were cut mortgages; the liquidity of the bottom workers flopped, and it echoed up the financial food chain. And it's predatory as hell. The same shit happens to student loans. Students yearn for higher education to improve their lives, and when they leave, they can't find jobs so the liquidity flops again. The problem with education debt is that it is non-dischargable; you can't go bankrupt on student loans. WTF?!?!?!