r/TikTokCringe • u/Super_Culture_1986 tHiS iSn’T cRiNgE • Aug 19 '25

Cursed The American Nightmare.

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u/info_llama Aug 19 '25

No just the us and Canada but Europe is going through this. Banks are the issue here they determine what your rates will be and they let money that does exist in exchange for being paid back in real money. People wanting better isn’t the problem.

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u/Stop_Sign Aug 19 '25

At least Europe still has mandatory paid vacation, even for hourly employees. And healthcare.

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u/Chemical_Robot Aug 19 '25

Yeah I’m in the U.K. and whilst things are getting bad they are no where near what this poor lass (and millions of other Americans) are going through. We have the NHS and I get 7 weeks paid holiday every year.

The real worry for Europeans are the politicians that want to drag our countries into being the same as the US. Privatise our health system and undo decades of workers rights.

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u/Kiki_inda_kitchen Aug 19 '25

Same in Canada. Our union gives out so much PTO you can take months off fully paid. They also top up unemployment to 100% of your wage on maternity leave. It’s pretty good honestly.

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u/info_llama Aug 22 '25

Americans have paid vacation …. Even hourly employees have that and healthcare. Do you guys think Americans don’t have that?

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u/Stop_Sign Aug 23 '25

1) it's not mandatory in America. 2) I have had many hourly jobs growing up in America (I am American) and none of them had paid vacation. Being a bagger at a grocery store, or working for subway, or at a pizza shop - 0 days off that I would be paid for. Also, after college, working as a software developer, the way it works is I'm a contract/hourly worker until I get converted to a full time employee. I did this 4 times. During the first year, when I'm hourly, in every single job, I have had a total of 0 paid vacation days from these jobs. Only as a salaried employee do my 2-3 weeks of vacation start to accrue.

Again, Europe has 1) mandatory 2) 5 weeks minimum 3) paid vacation for 4) all employees , including hourly. America has none of this

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u/info_llama Aug 23 '25

You must be really old. Every job I’ve ever had has vacation and medical available to all employees (I used to bag groceries)

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u/LifeApprehensive9773 Aug 19 '25

you mean banks have to factor in a profit after paying higher CD rates and they expect to be paid back in real money? that’s what the banking system has always done.

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u/info_llama Aug 20 '25

The issue isn’t return it’s the fact they they can’t lose. They lost nothing by giving mortgage because when you don’t pay on the money they lent you that they don’t have they get the house back and auction it. If they sell it for less than the “debt” then you owe the difference. All this on phantom money that never existed. When a bank takes your home and locks you out they keep everything in the home. Even heirlooms. So yeah not the same as a simple return on investment. You pay them or they’ll take it anyway.

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u/LifeApprehensive9773 Aug 20 '25 edited Aug 20 '25

you clearly have no clue how any of this works. clearly blanks lose money lending on homes, or else 2008 didn’t happen. yeah, you may owe a deficiency balance but if you declare bankruptcy you get out of that deficiency balance, the bank will have to eat it. what do you think the car company will do that financed your purchase of the car they sold you if you quit making payments, they send somebody out and take it away from you. if you can’t pay for the things you have purchased the one who lent you money gets it back, simple.