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by radiantswirl 2802 days ago
What is "financial heroin" in this analogy? Student debt?
1 comments

Not OP, but I think "financial heroin" in this context is any kind of loan or debt, being advertised and sold like a fancy product.

Ex: At Apple stores, the associates tell you This new iPhone X is just 33$ a month, and then I ask them "But it's 1000$ though, so I'll be paying 33$ / month for 3 years?" and they say "Yes."

Also credit cards are advertized so much but every credit card charge that you incur swiping the plastic is a loan you take from the company for the amount you are charging on the card. Lot of people don't realize this..