why are amerrifats so bad with money?

american niggas be like "I'm poor, I only have 1 million dollars on my account"

>>213027093 (OP)
It's not just America, the rising cost of goods and stagnation of wages means that more and more people are getting into debt in order to keep the same standard of living they had ten or twenty years ago. People compare themselves to other their peers and live a similar lifestyle to their peers to keep up appearances. The main difference is that America has fewer financial regulations than other countries meaning that large corporations can push fat harsher loan conditions on debtors.

I've cut back my spending massively and have a decent financial situation and my mates occasionally take the piss out of me for not having the latest gadgets but I'm fine with that because I'm not in debt

>>213027224
Ignore horrendous spelling I'm on the shitter at work

>>213027224

>>213027093 (OP)
Many people are absolutely shit with money and spend enormous amounts on irresponsible shit.
That's why the living "paycheck from paycheck" is such a shit definition, you can make €100k a year and still need to live paycheck by paycheck by spending like a retard.
A girl I know works in investment banking, but will pay back her share of a vacation we are going to do soon, the month after, because she ran out of money.

>>213027093 (OP)
they donate to BLM foundation, israel and homobilesbiantrans associations. no money left for their sons

Americans live for others, to be seen by others. The bag thing is that that culture is spreading to other countries.

>>213027093 (OP)
Americans are the easiest people to sucker, he probably gets fleeced by the mechanic and his buddies.

>>213027224
What an insane prospect.
I cannot fathom how can you end up in debt making 125 thousand US dollars a year.
That's 10 thousand a month gross, even if you mortgage was 40% of that that's still plenty of disposable income.

Spent it on other stuff of course. Larger than average salaries gets eaten up by larger than average spendings, typically. Which are also tied to running costs so it might be hard to turn on and off on a whim,
And if you're taken off guard by a wish for a thousand buckaroo summer camp you simply might not have the available funds for it. Or simply don't want to make the cutbacks for it.

För övrigt kollar matgeekpedot på barnporr och runkar till hästar.

Att du sitter och sambögar på detta viset med proxies.

>>213027515
ikea husqvarna saab volvo!

I'd say about half of upper-middle class Americans approach their personal finances in the following way:
>I bring home $9,000/mo. after tax/deductions
>Therefore I can easily afford a $6,000/mo. mortgage payment and a $1,200/mo. truck payment because it leaves me with $1,800 for all my other monthly expenses
>[Unexpected expense comes up]
>Whoops, better put this on the credit card. Now I only have $1,600/mo. to work with. I have to start cutting back on my grocery bill
>[Rinse and repeat until they have no excess budget at all]

>>213027093 (OP)
>Summer camp
Wypypo thang

>>213027093 (OP)
Westerners but Americans in particular have lots of debts. They don't shy away from asking for loans and credits.

>>213027548
Don't forget:
>[four years into paying off the truck loan]
>[trades it in for an even more expensive new truck and rolls the remaining balance from the previous loan into the new loan]

>>213027548
>>213027724
why dont americans buy used cars.

Americans be like:
>Uh oh...I maxed out my 7th credit card this month
>I'm sorry Jimmy, no fun for you this summer. Why not get a job deliverying newspapers like I did...oh wait, no one orders those anymore

>>213027747
People do buy used but those who have the option to buy new do it because used car prices and repair costs have been absurd since the pandemic to the point where the price gap doesn't make up for what you lose from having a 3+ year old car that's near the end or out of warranty.

As a WFH chad I lease a new vehicle every 3 years, which is the best of both worlds.

>>213027747
they had a federally funded car scrapping program that fucked up the used car market
https://en.wikipedia.org/wiki/Car_Allowance_Rebate_System

>>213027617
I wish someone would loan me money

>>213027747
go to /o/
used cars in usa still cost an arm and a leg.
we can get a good family hauler that gets 60mpg for 500€ if we accept to buy french (usually a good deal for used cars), a rustbucket 1,9tdi passat might go for that as well and have 500 000km left on its engine. thoose cars and deals just dont exist in usa.

>>213027747
Used cars have gone up in price and the good used cars you want like Corollas and Celicas are expensive now. Lucky for me I've always been ahead of the curve and bought mine when it was cheap. No car payment for me
>>213027905
Best of both worlds is not having a car payment LOL

>>213027919
The effect of this is exaggerated. Maybe used car prices were a couple hundred bucks higher. You wouldn't have noticed because of the economic armageddon going on at the time.

The real problem was the pandemic where all of the automakers stopped making cars for six months and then couldn't get production back up to pre-pandemic levels until the start of '22 even though demand was higher than pre-pandemic levels by mid-'20

>>213027224
>People compare themselves to other their peers and live a similar lifestyle to their peers to keep up appearances.
Man, I thought this was an Asians-only problem

>>213027905
>repair costs have been absurd since
What repair costs? Other than oil changes, filters and sparks there's nothing to be done on a car until it hits like 200k+ kilometers and even then you're thinking about timing chain replacement and some other doodabs that can't total more than 5k USD in labour, which is like what, 16 months of value depreciation on a new car?

>>213027093 (OP)
Don't judge us all based on a few bad apples.

>>213027919
we have that running all the time and we dont have this issue. i recently scrapped a ford 7,3 diesel, it wasnt worth i to sell it, i just took the fixed 300 dollar'ish scrap value. i know if i had bothered to ship it abroad i could sell it for 10x that. that goverment stated scrap value is also why used cars are cheap here, because if someone offered me 310 for it they would have themselfs a 7,3l diesel.

>>213027093 (OP)
he probably has shittons of streaming treaties and other useless shit that nobody really needs.

>>213028295
Lmao

>>213027093 (OP)
>be good with money
>because I'm a NEET and have learned how to stretch it

>>213027224
yeah that shits been going on here since forever and its only gotten worse as wages got higher.

there was some freakish statistic about how 90% of croatians dont even have a thousand euros saved up.

youre well off here if you make 20k a year.... but that new iphone still costs the same, and you gotta have it. you need a flashy car too because you make more than the average person. and youre still spending 50% of your income on rent.

this leaves you with barely enough to survive.

>>213027933
Yeah that's the thing, our thirdie salaries and meme economies/finance system is not ideal for that

Watch some of those tiktoks of people breaking down their finances monthly

It’s like $600 on doordash + $400 car payment + $250 on various subscriptions + $500 doom spending on amazon etc MONTHLY

>>213027093 (OP)
Meanwhile I make 50k a year, live pretty well, and save 20k a year.