Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Emma Witman

The High-Income Debt Trap: How A Couple Earning Six Figures Net Amassed $81,000 In Debt

Plant Today, Pay Debt

A recent confession on Reddit served as a stark reminder that a high income is no guarantee of robust financial health, and sparked a discussion on the perils of frivolous spending.

The post, titled "My husband and I dug ourselves into a big hole and want out," appeared on the r/DaveRamsey subreddit, a community dedicated to the popular financial personality known for his debt-free philosophy. The couple's conundrum quickly garnered more than 1,600 comments as users evaluated their financial quagmire.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.