I am 25, married and middle class. My wife and I only buy what we can afford.
We have no debt at all other than our house and one of our cars, and both of the loans will be paid off in 1 year.
A friend of mine bought a huge house, has a house loan and two equity lines of credit, two car payments and tons of credit card debt.
He has a middle class salary and is afraid he will never be out of debt.
Everyone I know has SUVs, big houses, and vacations that they can’t afford and can’t pay off.
Why do Americans have so many high purchases when they can’t afford them?
What happened to buying what you could afford, or a smaller house or car?
Why is everyone in competition with having the most stuff?
2006-09-20
06:04:46
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16 answers
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asked by
Anonymous
in
Other - United States