Easy finance is everywhere. It seems all you have to do is ask, and you’ve got yourself a loan. Want a car? boat? house? 3 month holiday? Get it on credit.
It’s a far cry from my parent’s generation. Sure they struggled, but they always knew where they stood in terms of money. Their commitments were clear: a 20 year mortgage to own their own place.
How much murky are things today! I still have a student loan which runs into the tens of thousands of dollars. There’s still a good decade left on that one.
Credit card offers come in by the week, I kid you not. How many Visa cards do I need? I thought only one.
It seems like the greatest of traps for a young person today. You can imagine a 21 year old who has committed themselves to two decades of debt by the time they finish college.
Debt is not something to be taken lightly.