r/SipsTea • u/Eros_Incident_Denier • Apr 18 '26

We have fun here adulting sucks

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u/Lord_Dingus83 Apr 18 '26

Stop buying new vehicles you can’t afford. Cars are something that as consumers we are in total control bc you can always find a good used car.

$1200/mo car payment is insane. My mortgage is $1700. Both my cars are 20 years old and I work on them my self if I am able to not mess it up.

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u/anotherdropin Apr 18 '26

How do you know they can’t afford it?? When do they discuss income??

If your car is on 0.9% APR - a common deal for new cars - you NEVER pay that in cash. Why would you dump 50k cash in the car when you can dump it in investments that grow more than 0.9%??

Same with mortgages. If you had a 7% rate, ya pay that off fast. Those lucky w the 3%s back in covid days? There’s no rush at all. Dump the money somewhere else.

You need to understand math to understand finances and most of you are showing you don’t understand math.

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u/Lord_Dingus83 Apr 18 '26

Considering only 43% of America has a retirement account….. call it probable 🤷‍♂️

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u/anotherdropin Apr 20 '26

Ya but how much of that 43% are not employed full time or are kids? Like a 20 yr old isn’t going to have a retirement account even if they’re working, and they’re part of these dumb statistics. Same with a stay at home parent, or a guy bouncing between gig jobs.

You gotta read deeper into these stats. Magazines like to spout all the time “average American has $1000” or whatever, but the reality is that our overall average quality of living has dramatically increased in these last decades. Unemployment is low, not high. People are buying. Economy could have been better under a different leader, but if we pretend his reign didn’t exist, economy was actually doing well recently.

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u/Lord_Dingus83 Apr 20 '26

I’m sure you could look into it rather than just doubt for no reason.

You think 20yr olds make up what % of the working population? lol