debt – Salty Dictionary

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12.6k Views12 Comments363 Votes

Salie Mae

The only college friend you’ll have for the rest of your life

363 Points
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18k Views7 Comments157 Votes

Mortgage

Modern Day serf certificate. In old French, it meant “Death Pledge.”

157 Points
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27.7k Views6 Comments271 Votes

Chapter 10

The corporate version of “I’ll pay you back, bro” but with federal court protection and zero shame.

271 Points
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26.8k Views6 Comments262 Votes

Student Loan Debt

The debt that grows faster than your career prospects and outlives most marriages.

262 Points
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26.8k Views6 Comments258 Votes

US Mortgage Debt Hitting $13.2 Trillion

The new all-time high that proves Americans are willing to go into soul-crushing debt for the privilege of owning a house that costs more than their grandparents’ entire neighborhood.

258 Points
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26.8k Views5 Comments268 Votes

Chapter 11

The corporate Get Out of Jail Free card that lets failing companies reorganize their massive debts while executives keep their golden parachutes.

268 Points
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29.9k Views5 Comments290 Votes

Buy Now, Pay Later

The art of paying triple for things you couldn’t afford at the regular price.

290 Points
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18k Views4 Comments248 Votes

National Debt

The total amount of money the government has borrowed which was $5 Trillion when Bush took over and now exceeds $28 Trillion, or nearly $85,000 per taxpayer.

248 Points
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17.9k Views4 Comments169 Votes

HELOC

The bank’s favorite trap, where you turn your home equity into a 5-year foreclosure.

169 Points
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11.3k Views2 Comments195 Votes

Debt Ceiling Crisis

The only time politicians seem to care about math.

195 Points
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