Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Just because people aren’t homeless and don’t qualify for food stamps doesn’t mean they can afford things.

You need to make less than $33k for a family of 3 to even qualify for food stamps and then get disqualified if your total assets are above $4.5K. If you’re an adult without children, your food stamps eligibility is capped at 3 months every 3 years. A lot of people who need food stamps, do not qualify for them.

Credit card debt is $1.2T, out of which 10% is delinquent for more than 90 days. https://www.stlouisfed.org/on-the-economy/2025/may/broad-con...

Student loan debt is at $1.7T.

People are going into debt to buy groceries. https://www.cnbc.com/amp/2024/05/20/americans-are-going-into...

The average American life is way worse than what people generally make it out to be.






Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: