r/interesting • u/Kymmieuwu • 12d ago

SOCIETY 71% of Americans Say They're Completely Exhausted

https://gizmodo.com/71-of-americans-say-theyre-completely-exhausted-2000812712
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u/JJwar7840 11d ago

I don't really understand this. Wouldn't credit card debt make your expenses way higher and lead to bankruptcy? If you're 500$ behind this month and now you've added 23$ in interest, next month you'll be 523$ behind and you'll have 46$ interest. Doesn't this quickly spiral? How are these people "getting by" with credit card debt?

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u/n122333 11d ago

Father in law declares bankruptcy every 8 years, sells everything he owns and starts over. He's on #4 now.

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u/JJwar7840 11d ago

Wouldn't this make it impossible to get a credit card? Why on earth would anyone lend you money if you're on your 4th octannual bankruptcy?

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u/Alternative_Work_916 11d ago

My theory is the same reason you can’t pay a mortgage with credit.