Americans are going into debt to buy groceries. Here's why those balances can be difficult to pay down
https://www.cnbc.com/2024/05/20/americans-are-going-into-debt-to-buy-groceries-research-finds.htmlOpen linkView original on lemmy.world100
Comments12
The stock market is doing GREAT!
And GDP is rising.
If you want a picture of hell, here in Argentina it has become common to offer 12 month paying schemes for hair cuts.
Yes they must have it tough living in one of the richest countries in the world.
Just because it's the richest country on the planet doesn't mean the wealth is spread evenly.
The US is the 9th richest nation in the world.
https://gfmag.com/data/worlds-richest-and-poorest-countries/
They didn't dispute the "one of the richest" part
That's GDP per capital. I'm talking about total wealth, which is about a third of the world's total wealth.
You referred to distribution, so I assumed you meant per capita. It’s obviously wildly disproportionate in distribution, but per capita would be the fair comparison to the wealth of other nations.
That has nothing to do with their claim.
If you have access to nationalized healthcare you have it better than the vast majority of Americans.