Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Finance
  4. / Credit Cards
  5. / Credit Card Debt

by Romiex69x on April 1st, 2007

Romiex69x

Question

Help answer this question below.

Does it seem like America runs on debt? Mortgages, credit cards, student loans etc...

  • Like
  • Report
Share:
Other

Answers. 2 helpful answers below.

  • by passerby on April 1st, 2007

    passerby

    America, Britain, and probably most of the developed world. We have grown up as a spending generation and our children will bear the brunt of that in the form of weakened economies.

    • Like
    • Report

    No comments. Post one | Permalink

  • by SarahK on September 19th, 2007

    SarahK

    Yes, and it's gotten a lot worse in recent years. We shifted from a producer to a consumer society thanks to the automobile, roarin' '20s, WWII (guns and butter), and the economy of the 1950s. I personally live debt-free (I don't carry a balance on my card from month to month), but will be getting a mortgage or two eventually. I grew up with delayed gratification because I had to save for albums I wanted to purchase, the 12-string guitar I bought...

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading Does it seem like America runs on debt? Mortgages, credit cards, student loans etc...

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

America runs on debt
America runs on credit
Looneytoon

Answerbag

a Demand Media company