• zifnab25 [he/him, any]
    ·
    2 years ago

    I wonder how they count debt. Like, if you get a $30k car on a 7-year note, does that mean you have $30k in wealth? And does the bank that owns your note also get counted as having $30k in wealth?

    :-p So much of the American financial system is funky like that.