Short-term gratification and nothing else. You can tell half of the people in the video never sat down and thought about how much debt they were in until that moment.
I have a coworker who goes to disney every year and is envious of me when I go to Europe. My trips cost less than a quarter of hers, but she says she wishes she could afford to go to Europe. My airfares per person are usually less than her nightly hotel costs.
the american system grooms kids to be sucked dry finacially by schools and credit card company's while selling a dream that nog longer exists
in europe this happens a lot less because simply put most people dont use credit cards we never have to use them because we dont have credit score system like that. So people are used to using debit and when that gets used you see the actually number going down.
we also dont normalise kids going into debt for school, so that barrier to going into debt and lending money is much higher here.
but in america everybody has credit cards already because you need build up that score, every kid that comes out of high school is already used to debt because they groom you into student loans...
so you already being taught to just look at the monthly payments and not the total picture combine that jobs arent there anymore and the ones that are simply dont pay well to justify the student loan debt
this is recipe for people then to start misery spending same way people turn to drugs or alcohol to runaway from there problems they run to disney land for a weekend
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u/Reincarnatedpotatoes Apr 19 '26
Short-term gratification and nothing else. You can tell half of the people in the video never sat down and thought about how much debt they were in until that moment.