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Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt
Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt
Just two generations ago, America was a nation of mostly thrifty people living within their means, even setting money aside for unforeseen expenses.

Today, Americans carry $2.56 trillion in consumer debt, up 22 percent since 2000 alone, according to the Federal Reserve Board. The average household’s credit card debt is $8,565, up almost 15 percent from 2000. picked by BWallaby 6 months ago
tags debt mortgage loans credit usa american
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 MeMe
6 months ago
That's crazy. I don't have any debt. Granted, working through college was a b**** and my grades probably suffered a little from lack of sleep, but on the whole... that's all craziness. Pay off your bills as you get them, don't live beyond your means. There are certain concessions like buying a house or paying for say, grad school but even that can usually be deferred by being a TA. Oh people.
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