https://theeconomiccollapseblog.com/tens-of-millions-of-americans-are-trapped-in-an-endless-cycle-of-debt-that-is-sucking-the-life-out-of-them-financially/

Did you know that U.S. households are 17,690,000,000,000 dollars in debt? Of course household debt is only one part of a much larger story. The federal government is 34 trillion dollars in debt, state and local governments are absolutely drowning in debt and unfunded liabilities, and corporate debt is at an all-time high. As a society, we are on the greatest debt binge in the history of the world, and it just gets worse every single year. Previous generations handed us an economy that provided us with an incredibly high standard of living, but we always had to have more. So we have been borrowing and spending with no end in sight, and now our day of reckoning is fast approaching.

According to the New York Fed, U.S. household debt surged to another record high during the first quarter of this year…

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Never got a credit card, always lived within my means, we checked out rent prices before going for a flat and always went for the low end, always bought used cars, never did anything stupid enough to bury myself. There were many years I made way more than I needed, and I 'adopted' a few two legged pets during these times, one which I made the mistake of marrying for a while, though the price was having to work incredible amounts of hours, but hey.

I'm not in this mess, and I can't say I feel sorry for those who couldn't see the forest for the trees.

And for those who are status conscious, Ferraris and designer clothes don't impress me. It just proves to me that you're misprioritised and I don't want you in my life as being more than a casual acquaintance.