That news is basically about how people who used to earn 150k per year that since losing their job and can’t find one, thus can’t keep up with their mortgage and debt. What’s so fake about it? You sure we read the same news?
I was referring to the story that implied the rate of loan defaults was rising among households earning over 150K, but the data showed a default rate that increased from something like 0.17% to 0.36% of all households in that category, didn’t describe the variance around that rate, and didn’t describe the reliability of the administrative records from which the rate was calculated–two factors that will dominate percentage fluctuation at values that infinitesimally small.
If you go into the comment sections where that story was posted, you will see people talking about how America forces even middle class people to spend lavishly beyond their needs, or how people in this class are irresponsible with money, or how impossible it is to live in HCOL cities, or how wealthy people are stealing everything, or how corporations are stealing everything. Few people really questioned the plausibility of the story’s framing.
That news is basically about how people who used to earn 150k per year that since losing their job and can’t find one, thus can’t keep up with their mortgage and debt. What’s so fake about it? You sure we read the same news?
I was referring to the story that implied the rate of loan defaults was rising among households earning over 150K, but the data showed a default rate that increased from something like 0.17% to 0.36% of all households in that category, didn’t describe the variance around that rate, and didn’t describe the reliability of the administrative records from which the rate was calculated–two factors that will dominate percentage fluctuation at values that infinitesimally small.
If you go into the comment sections where that story was posted, you will see people talking about how America forces even middle class people to spend lavishly beyond their needs, or how people in this class are irresponsible with money, or how impossible it is to live in HCOL cities, or how wealthy people are stealing everything, or how corporations are stealing everything. Few people really questioned the plausibility of the story’s framing.