Quote:
Originally Posted by elphenor
Personal Debt is a massive issue in this country and it isn't explained as simply as "spending beyond your means"
contributing factors are:
1. Declining and stagnating wages
2. Rising costs of living
3. Our insane private healthcare system (number 1 cause of bankruptcy)
4. Our commodity culture and the billions spent by financial institutions and producers on advertising to convince people to buy on credit (our economy depends on it)
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5. Irresponsible spending
6. Lack of financial priorities
Theres not only 4 factors, but youd sooner die than ever admit we can be part of our own problems.
Held accountable = responsible for solving their problems without goverment assistance.