I was thinking about this the other day â€“ 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 â€œgoodâ€ debt and not â€œbadâ€ debt. When did debt become â€œgoodâ€????