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Comment by planteen

Half of Americans have < $1,000 in their savings account - yes, that is true.

However, around 64% of Americans own their home [1]. How many of them are taking out HELOCs against their homes to buy lottery tickets? Once concern is people are taking out HELOCs for crypto speculation.

[1] https://en.wikipedia.org/wiki/Home-ownership_in_the_United_S...

parent planteen 9 years ago

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