Communism
Discussion Community for fellow Marxist-Leninists and other Marxists.
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Check out ProleWiki for a communist wikipedia.
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Debt is such a crazy thing in capitalist society. The fact that debt isn’t inherently visible (you can actively see a person experiencing life without a home, struggling through life without food), you can’t see how much someone is struggling financially and scraping to survive, I feel that it warps our idea of how other people get by. The answer is that they kind of don’t in a lot of scenarios, plenty of people die in debt.
1 in 5 Belgian people is in active debt and 1 in 6 Belgian people says they would be in major trouble were they to miss one paycheck.
1 in every 5 people I see in the street is having some form of financial problems. No one openly talks about their debt, payment plans or how many agencies are after their ass. It's like a silent epidemic in this country. I sometimes wonder what would happen if everyone just stopped acting as if they are fine and have everyone showing how problematic this situation is.
That’s extremely sad. Those numbers are already horrifying and it just gets worse and worse across the imperial core. That number sits at almost 77% of Americans being in active debt and 55-64% of Americans living paycheck to paycheck and unable to afford a 500 dollar emergency expense.
Only made worse by there being no financial literacy, no teaching of budgeting, what credit is, how to navigate loans and credit, how to save, how to open/find good bank accounts. It’s a purposeful trap.