President Donald Trump is facing intense backlash after displaying a startling lack of basic financial knowledge — this time about how mortgages work. During a Fox News interview with Laura Ingraham, Trump brushed off criticism of a proposed 50-year mortgage, saying, “It’s not even a big deal. You go from 40 years to 50.” Ingraham quickly corrected him, saying, “Thirty.” Standard home loans in the U.S. last 30 years, not 40. Extending them to 50 would dramatically increase total interest payments.
Financial analysts say such a move would saddle homeowners with decades more debt. Social media erupted with ridicule. One post read, “More proof of how stupid Trump is… Dumbest person alive.” Another user wrote, “He never pays any of his bills, so of course it’s not a big deal to him!”
Others mocked his long record of being out of touch, referencing his past comments about needing an ID to buy groceries. Critics say Trump’s ignorance about mortgages — something most Americans deal with — highlights how disconnected he is from ordinary life.
