Society is a Debt-Driven Society

I was thinking about this the other day – you can’t really get far in today’s society without debt. How many people can buy a car without an auto loan? Or buy a house without a mortgage? Not many. That is mostly reserved for the wealthy or well-to-do folks. But for low and middle-income families, debt is a fact of life.

I guess the main thing is how to have “good” debt and not “bad” debt. When did debt become “good”????

Technorati Tags: debt, debt+society

Posted by Tricia on February 19, 2006 at 11:54 PM in General Debt |
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