• fibojoly@sh.itjust.works
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    5 hours ago

    25k is nothing though. Getting it from your dad is nice and certainly something not everyone can do, but let’s not pretend this is millionaire territory.

    • Kalothar@lemmy.ca
      link
      fedilink
      arrow-up
      2
      ·
      edit-2
      2 hours ago

      25k loan without any context doesn’t mean anything.

      Let’s give it some, 25k in 1983 (when Jimmy Johns begin) has the spending power of 82k in 2026.

      So if you think an 82k loan to a 19 year old (Jimmy John Liautaud age in 1983) at a probable 0% interest rate from his own further is nothing. You are disconnected from the vast financial struggles people are experiencing.

      Additional fun: according to U.S. census records the median annual income in 1983 was about 25k.