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People Believing They Are Happy With Debt - Page 2

U.S. Household debt rises to $12.73 trillion in the first quarter, topping the record level reached in 2008. Household debt reaches $12.73 trillion in Q1, surpassing the record $12.68 trillion in 2008Consumers are borrowing again but the makeup of that debt is starkly different than it was at the brink of the 2008 financial crisis. While mortgages still comprise the majority of the obligations, they represent a far lower share and the rebound has been led by student and auto debt. Ref. USAToday.

Debt Happy They Believing People

Too much debt is a burden that's hard to dig out from under. Once you do it's best to stay as far away as possible. People that have tremendous debt actually display symptoms like PTSD after some time.

People Believing They Are Happy With Debt History & Civil Business Politics

Debt is a form of slavery. People must keep up with the Jones now many times. In the past people worked for things, saved money and paid cash for them. Now people look like they have a lot of money but they have houses and cars that they can't afford with credit card bills that are unpaid. To be able to pay for the shiny new vehicles people are taking out 8 year loans for them in some places. That is the height of insanity.

Living off what you make without artificially inflating your lifestyle with credit cards isn't the sexy thing to do. It is the more fulfilling thing though. It gives you the freedom to try a career change. If you are overloaded on debt then you are racing on a treadmill that keeps getting faster and faster and never stops.

Edited: Kyrroeth on 18th May, 2017 - 4:31am

Page 2 Debt Happy They Believing People

Kyrroeth,

You are spot on here. The problem is, with the narcissistic life that is in vogue now people almost have to live outside of their means. This so they can look cool, act cool, and do generally stupid stuff to impress people.

Debt Happy They Believing People

A Quarter Of American Adults Can't Pay All Their Monthly Bills. Nearly eight years into an economic recovery, nearly half of Americans didn't have enough cash available to cover a $400 emergency. Ref. Source 4i
.

People Believing They Are Happy With Debt

For Americans, understanding money eases old age anxiety. A new household economics study suggests that financially literate people are more capable of accumulating wealth and worrying less about life in old age. Source 4w.