r/facepalm • u/thenewyorkgod • Apr 28 '24

🇲​🇮​🇸​🇨​ Some people have zero financial literacy

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u/Choice_Blackberry406 Apr 28 '24

My neighbors get new vehicles every 12 months. The wife gets a new Tahoe or Expedition and the husband gets a jacked-up F-350 with all of the bells and whistles.

Then there's me with my 8 year old Prius lol.

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u/Waderriffic Apr 28 '24

Same here in FL. People are either very wealthy or they are drowning in debt to have a new car. So dumb, but dumb people do dumb things.

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u/SpaceAzn_Zen Apr 29 '24

I'll give you a hint, well-off people aren't usually buying F350s and Suburbans...it's people who want to seem like they're well off and don't want people to know that they're swimming up shit's creek without goggles on.

Source; I'm also in FL.

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u/Otherwise_Agency6102 Apr 29 '24

It’s the same reason we’re the canary in the coal mine when it comes to financial markets. People here are so cutting edge regarded that we set the tone for the rest of the regards.