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Like honestly one or two stupid debts seem like they can tank the rest of your life. If predatory loans were illegal it would save a lot of people.
Honestly, if you're young with no real assets then bankrupcy can be a really easy one time get out of jail free card financially speaking. If you have no big assets then all it really does is cost a bit for the lawyer and completely fuck your credit for 7 years. But if you would have been spending those 7 years spending all of your money trying to manage debt and fending off debt collectors with a stick anyways then neither of those negatives actually make things any worse for you.
Yeah. I’m glad I never had to go through that.
Loans for homes not being a thing (and you instead getting an actually decent home for cheap) would go a very long way.
The top 10% of households by wealth held 67% of total household wealth. That's something to fix, not ignore
That’s fucked up.
If you think so it will always be
Honestly these issues will never be addressed unless those in power are willing to accept that redistribution of wealth is a necessity at this point for society to not collapse.