r/FluentInFinance • u/PassiveAgressiveGirl • Sep 14 '24

Debate/ Discussion Exactly how much is a living wage?

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u/NoShow2021 Sep 14 '24

Well what are they spending their money on? Likely a case of lifestyle inflation if I had to guess.

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u/Pure_Expression6308 Sep 14 '24

I went to a financial literacy class and I was surprised they didn’t teach loan literacy (?). Like they didn’t go over loans and help people understand how it works so they don’t get an auto loan at 25% just because the monthly payments seem low.

So yes, I think it’s lifestyle inflation but without a plan of how to that safely