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I learned from my parents that debt is a ball and chain around one's freedom. But others do need to learn that lesson.
Of course, some debt is unavoidable such as for buying a house or emergencies, but if someone has a choice, saving the money is a much better path.
I suspect that with almost trillion $$ credit card debt they try to protect banks, but it works both ways, also crude oil price dictates under $1 per gallon gasoline price.I learned from my parents that debt is a ball and chain around one's freedom. But others do need to learn that lesson.
Of course, some debt is unavoidable such as for buying a house or emergencies, but if someone has a choice, saving the money is a much better path.
At least for USA. A lot of people here bogged down debt, paying huge interest. Now many put on financial diet with much less opportunity to use credit. Hopefully some may use that opportunity to somewhat unload fknancial
Have a feeling those be done away by, say, 2030. Or reformulated to be extension of ruling entity like in the Soviet Union.Credit unions are the way to go if you have to.
I've used one, but prefer a regular bank....a localCredit unions are the way to go if you have to.
At least for USA. A lot of people here bogged down in debt, paying huge interest. Now many put on financial diet with much less opportunity to use credit. Hopefully some may use that opportunity to somewhat unload fknancial
i understand the system, but they realized is not sustainable any longer, there is no buying ability in public to sustain corporations, credit cards are mostly fully loaded.Not in a financial system that encourages and depends upon "debt".
Can you say "economic slave " ?
i understand the system, but they realized is not sustainable any longer, there is no buying ability in public to sustain corporations, credit cards are mostly fully loaded.