2006-08-24 10:15:57 · 14 answers · asked by say it isn't so... 2 in Business & Finance ➔ Credit
because we buy stuff like houses and cars. some people even go to college and can't pay for it up front.
2006-08-24 10:18:13 · answer #1 · answered by bella_4624_19 4 · 0⤊ 0⤋
So many people buy stuff when they don't have the money for it. The only thing I owe money on is college, and I've been out for almost 3 years now. I have a couple used cars and I rent, so I don't owe on those things. The renting part isn't so good since I don't build equity, but otherwise I'm doing great. Living beyond your means is a bad practice.
2006-08-24 17:22:50 · answer #2 · answered by sethle99 5 · 1⤊ 0⤋
because there are no keep the LENDERS in check.
they'll gladly take your life away when you can't pay your debt. can't always blame the person-because in all reality if you were given a 1 million dollar credit line at 19-WOULD YOU TURN IT DOWN?
well now scale that down to reality-and you'd see why so many are in debt now.
malicous lenders giving to STUPID KIDS.
2006-08-24 17:58:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It's easier to spend money than the self-control it takes to spend within your means, the instant gratification gives a temporary lift, everything costs too much and, we make too little.
2006-08-24 17:56:38 · answer #4 · answered by Goldenrain 6 · 0⤊ 0⤋
Aggressive marketing and advertising.
it is too easy and convenient to make debt.
2006-08-24 17:23:49 · answer #5 · answered by Featherman 5 · 1⤊ 0⤋
People want to live outside their means. They look for validation in material goods and want to impress everyone around them.
2006-08-24 17:21:37 · answer #6 · answered by lepninja 5 · 0⤊ 0⤋
We like to live large
2006-08-24 17:22:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Because it's no longer fashionable to live within one's means.
2006-08-24 17:21:42 · answer #8 · answered by silvercomet 6 · 0⤊ 0⤋
It is the backbone of our economy. And our president sets a great example!
2006-08-24 17:21:41 · answer #9 · answered by Wounded duckmate 6 · 0⤊ 0⤋
Because it is so greatly encouraged and because we are bent on keeping up with the Jones's
Don't buy into it and you will be ok
2006-08-24 17:20:21 · answer #10 · answered by April N 3 · 2⤊ 0⤋