I own a hair salon. Typically, November is my busiest season. It has been SO quiet. A lot of my colleagues are also saying the same thing and have had to close up shop because of it - or get a second job.
People keep saying it will get better and the economy will bounce back but I don’t know. I am so close from just throwing in the towel, closing up shop and getting a corporate gig.
Why pay back loans when you can blow all your money and hope Biden forgives your debt in the meantime?
People like to act like it was some big mystery what caused inflation as if printing trillions and pausing paying debt/rent/mortgages wasn’t the obvious answer all along.
It’s not meant as a partisan comment, but more a personal finance statement about how not acting at all to pay loans back was never a good plan.
Anyone who trusts the government to actively wipe away your debt/their income is a fool. PPP loans were paid to the same crooks that run and lobby the government. Contrarily, Trump wouldn’t have even given people the hope of student debt relief. Understandably, people wanted to count their chickens before they hatched and are now going to regret it.