Financial Psychology & India Affairs
Real stories, honest opinions, and reflections on money, mind, and India.
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The Psychology of Easy Credit: Illusion of Affordability
The illusion of affordability is the belief that you can afford something simply because a lender is willing to finance it. A credit limit is not income, and every lender sees only its own EMI, while you must pay all of them from the same salary. The biggest trap of modern life is not poverty.…
