return2ozma@lemmy.world to News@lemmy.world · 11 months ago62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt risewww.cnbc.comexternal-linkmessage-square34fedilinkarrow-up1387arrow-down16cross-posted to: usa@lemmy.ml
arrow-up1381arrow-down1external-link62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt risewww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 11 months agomessage-square34fedilinkcross-posted to: usa@lemmy.ml
minus-squareArt35ian@lemmy.worldlinkfedilinkarrow-up7arrow-down11·11 months agoCompound interest has been a thing since the Babylonians, 2,000BC, and they understood it from clay tablets. If you don’t understand it 4,023 years later with a iPhone in your pocket, you’re an idiot.
minus-squareMotoAsh@lemmy.worldlinkfedilinkarrow-up11·11 months agoI mean, you’re not wrong, but I think their point was it’s morally wrong, not confusing.
Compound interest has been a thing since the Babylonians, 2,000BC, and they understood it from clay tablets.
If you don’t understand it 4,023 years later with a iPhone in your pocket, you’re an idiot.
I mean, you’re not wrong, but I think their point was it’s morally wrong, not confusing.
Usury was also a thing back then.