Unemployed woman with $150,000 in debt explains why she’s borrowing more money to go on a 6-day cruise

A woman has ignited a conversation about lower-income people still spending money on luxury experiences instead of saving and putting it toward things they actually need.

In a clip from Caleb Hammer’s podcast, “Financial Auditing,” he spoke with an unemployed woman who admitted that despite being over $100,000 in debt, she still wanted to enjoy her life and have fun.

She is $150,000 in debt, but explained why she borrowed money to go on a 6-day cruise.

While on Hammer’s podcast, the woman told him she was planning to go on a cruise within the next month. A shocked Hammer insisted there was no way she could spend money on a cruise while unemployed and $150,000 in debt. She admitted that she got the money for the cruise from her father, who paid for the entire excursion.

“My dad paid for the tickets,” she said, adding that he insisted she could return it as soon as she was able. However, Hammer wasn’t impressed and apparently chided his guest for borrowing money from her father and essentially making her pay for their vacation when she should be prioritizing the mountain of debt she’s currently in. .

When Hammer asked her if she was in a solid position where she could at least take paid time off, she said she wasn’t. In a brutally honest tone, Hammer informed her that she simply could not afford to go on this cruise.

“That’s why I’m trying to at least hurry up and get a part-time job starting next week,” she added. “I’m just going to work … I try to work as much as I can. I signed up for Uber Eats, so I’m going to try to work on driving for that because DoorDash wasn’t making any money.”

Unfortunately, many people are in the same boat when it comes to fighting the staggering amount of debt they are in. According to data from Ramsey Solutions, total personal debt in the US is at an all-time high of $17.5 trillion. The average American debt (for US adults) is $66,772, and 77% of American households have at least one type of debt.

When it comes to credit card debt, which is the most common debt people have, a quarterly report from the Federal Reserve Bank of New York set a new record with credit card balances reaching 1.08 trillion dollars. Nearly half, or 49%, of credit card holders carry month-to-month debt on at least one card, up from 46% last year, the report found, and 56 million cardholders have been in debt for at least a year.

Since debt is a common factor in many families, people should not give up their happiness because of financial burdens.

Most of us can agree that the cost of living is staggering. Younger generations, like Gen Z, have realized that many of the usual markers of adulthood, like buying a house and starting a family, are things they simply won’t be able to handle the way they the economy is structured today.

Of course, it’s a smarter decision to prioritize getting out of as much debt as you can, rather than spending money on what many others would consider frivolous and unnecessary purchases, but in the end After all, everyone’s financial situation is unique and some people deserve a little grace. for wanting to prioritize happiness and comfort over worrying about their financial affairs.

Realistically, paying off $150,000 in debt is no small feat and may require a long-term strategy and significant lifestyle changes and adjustments. It is important to understand that such a burden comes with a drastic emotional toll and no one deserves to go through something like this.

No one has the right to judge how others choose to spend their money, and whether a person wants to borrow money from their parents to enjoy time on a cruise while they work out the logistics of finding a job , then so be it.

She is $150,000 in debt, but explained why she borrowed money to go on a 6-day cruise.

Since debt is a common factor in many families, people should not give up their happiness because of financial burdens.

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