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> The thing that i don't understand is how can people that live in the USA accumulate so much debt?

Drowning people in debt is kind of what American society is optimized for.

> As a 24yo European I never had more than 5k € of debt at any point in my life.

Europe is...not America.

“The average loan debt for a bachelor’s degree among the class of 2019 was $28,950.” [0]

[0] https://www.nerdwallet.com/article/loans/student-loans/whats...



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