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Americans freaking out about China seems like cognitive dissonance to me. In the US, your ability to do *almost anything* is based on a score of your ability to both amass and pay off debt. It’s become so engrained in culture that this seems perfectly normal....
Most life milestones are assumed to come with a big loan & subsequent "responsible" "management," from getting a career to getting married to getting permanently housed (followed by the vanity remodel). Poor people have a lot of debt, rich people have more. Outside view: bizarre
Debt is a useful tool for the rich, a nasty burden for everyone else
Woah woah woah. Getting a career and getting married are assumed to come with debt? Yall need @DaveRamsey in your lives.
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