Greg S
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I agree that it's a hugely cultural thing, the MTV generation really wants to buy liabilities instead of assets. |
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Brother Otter
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I personally suspect that a big piece of it is cultural. We've been raised to "Have it now, pay for it later." Just look at the way the country's finances are being handled... At the highest levels of government, legislators are committing more money than they have coming in. As leadership goes, so goes the group. |
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Jersey Girl
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Because they live a million dollar life style on a $25,000 yearly salary. |
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just-dave
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iIlness and unexpected circumstances can lead to debt. Bad luck, loss of job, death of partner etc it's a lot of reasons as well as wanting everything now and basically egged on and encouraged to use the cards by the issuers. In the old days people would save for years but now the temptation is just too much like a carrot dangled in front of you. People want it NOW. No patience, live for today...i guess that's why. |
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Katydid
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They put their 'wants' ahead of common sense. People need to thing before they spend. |
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MissyDoo
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Because people move out of their parents houses way to young and think they can do anything and open up 4 credit cards just because and then when those ones max out they open 4 more then they open 1 more and buy a car they really cant afford and go in debt with that and then they have to start working 2 jobs to pay the cards off and when the cards are almost paid off they buy another car and another huge TV and open up another card and another and another and soon they are just opening cards to pay off other cards and then they decide to go to school and have to take out student loans and of course after school is over you have to take a vacation but you cant afford that so you open another credit card....................................... ..............Oh ya this is my shitty life??????? |
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herr.helms
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Well if you keep buying stuff and don't manage checks or credit cards and really don't care then you will. The best way to keep out of debt is don't bounce checks and manage your account |
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Sam
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Because they want to live at a standard higher than they can afford. I hate to say it but our country has become extremely materialistic. The American dream has warped from a house and two cars into a house, five thousand dollar TV and cars with spinners and a killer system. |
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henjen07
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peple get into debt for they try to live among their means,I own my own cattle ranch,and no I'm not rich,I'm a long way from it for all my money I make it goes into repairs on equipment,supplies and other bills here that I have to pay.My thing is if you can't afford it you don't need it and those credit cards you might as well sign your name in blood for you'll be in debt forever and theirs no way out of that.I started my business on $900.00 15 years ago and what I own is mine and mine alone,if I can do it other people can to,make yourself a budget and cut corners and go on from there,you still can enjoy life and have a happy one. |
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angelchele
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debt can be effected my many direction. medical bills are a major cause. ignorance with credit card spending, car loans not paid. debt can also be cause when your outcome is larger than your income and you have to spread out your bill paying ability. |
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marathonwomen
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One of the reasons I've heard is that our generation wants the same standard of living straight out of college that it took our parents 30 years to get. |
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iceprincess34_2000
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Most people spend more money than they have. They will get a credit card, will say they will pay off the balance every month, but things always come up. With a credit card, you just keep buying and you don't realize the amount you are spending. Not to mention all the interests fees, etc. I've learned, if you don't have the cash, don't buy it! |
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southarkansas
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its that big desire of "I want" its so easy to go get a loan or buy something on time the lenders don't care what hardship they cause on the borrower |
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