I don’t understand credit card debt that one pays interest on, not at all. With the current and maybe forever no interest paid on savings, it makes no sense to be paying the bank high interest....it’s IMPOSSIBLE to catch up in the future.
It does not make any sense to me as well.
I guess people do not read the fine print.
It allows people to maintain the illusion that they are “keeping up” while they continually kick the can further and further down the road. You’d be shocked at how many people just accept the crushing debt as part of life and assume they will never be able to retire; the intend to die with the debt...