[Kinnard]

The default rate would be lower with a lower interest rate. #secondordereffects

[zo1]

Someone has more trouble paying off $228 instead of $200?

Granted, it could be right at an invisible tipping point, but let's be honest.

[ceejayoz]

> Someone has more trouble paying off $228 instead of $200?

Yes? That's like a month's food for some folks.

[FireBeyond]

$28 is a month's food?

[JBReefer]

I lived on $50 of food in New York for a month, but it was a deeply unhealthy experience. Can't imagine $28, even with a CoL discount.

(it was rice, beans, and whole frozen chickens + volunteering at a homeless shelter which bought 1.5 meals a day)

[ceejayoz]

For me? No. For someone in poverty eating ramen, mac-and-cheese, and rice/beans all the time? Sure. $20 is a lot of money for plenty of people in this country.

[Kinnard]

Yes, maybe not in NYC, but in other place. Or it's half a month's food. Or a month's public transportation to and from work.