| </span><blockquote><span class="smallfont">Quote:</span><hr size="1" />Originally Posted by (castille,)
Is there any wonder why Americans are so poor? Why are most people in CREDIT CARD debt? (What is the point of having a credit card when you could pay cash and save on massive interest rates?)
Gee, I really wonder why most people are poor and in debt....<hr size="1" /></blockquote><span class='postcolor'>
Middle class Americans are not poor yet. but they're on the road towards screwing themselves by generating debt and placing the financial load on the only collateral they have, their homes. American culture is an mainstay of extravagence and excess. It doesn't help when you see shows about rich people and their houses on cable. Consumerism defeated communism, therefore consumerism is the best lifestyle. Everyone esle wants to live like an American....
Personally, I think it's a lot of hogwash. WW2 generation had to face shortages and come out of a period of economic uncertainty. The Vietnam generation rebelled against the old ways through coddling their children. Well, there's no war and the times are rolling even though antidepressant medication is on the rise. So... what is there to fill that void?
Never underestimate the power of stupid people in large groups |