If the debt is for a huge mortgage owning a 10 unit apartment building, but you are making a couple hundred bucks a month in net profit... then you do not feel pressure as compared to someone who took out a 30k loan to build a swimming pool.
These discussions about "income" are so skewed towards a certain type of income, namely wage income.
The people conducting these studies have their own biases: justifying taking other people's wealth via forceful means such as taxes.
However, it depends on what the debt is for.
If the debt is for a huge mortgage owning a 10 unit apartment building, but you are making a couple hundred bucks a month in net profit... then you do not feel pressure as compared to someone who took out a 30k loan to build a swimming pool.
These discussions about "income" are so skewed towards a certain type of income, namely wage income.
The people conducting these studies have their own biases: justifying taking other people's wealth via forceful means such as taxes.