For a long time I have wondered why people seem to have the NEED to acquire more things and more debt. The housing market is one example of the problem (and moving endlessly up the property ladder is just a small part of this). The endless cycle of increasing debt load, zero savings and stagnant wages has to stop sometime. When it does, things will be interesting to be sure.
See this article for some very telling statistics.
Got Debt?
For a long time I have wondered why people seem to have the NEED to acquire more things and more debt. The housing market is one example of the problem (and moving endlessly up the property ladder is just a small part of this). The endless cycle of increasing debt load, zero savings and stagnant wages has to stop sometime. When it does, things will be interesting to be sure.
See this article for some very telling statistics.
Manly