• kunaltyagi@programming.dev
      link
      fedilink
      arrow-up
      1
      ·
      13 minutes ago

      A large portion of US adults don’t understand the difference between simple and compound interest.

      Many are living with less than 1 month salary as savings.

      This results in a largr portion with neither the mental space nor capability (or both) to worry about 6 months down the line when they have to worry for 6 days down the line

    • blarghly@lemmy.world
      link
      fedilink
      English
      arrow-up
      5
      ·
      3 hours ago

      Because you pay for gas every couple days with your credit card, while you pay for healthcare rarely