My biggest concern with debt is, it's relatively cheap here to loan money. Low interest rates . So was making some upgrades to the house, contractor like, you can take out a (longer term) loan. Just s

That can't be done here fortunately, not with private debt anyway.

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We're not accustomed buying things on credit. Sure, some people take out loans but little people dealing with CC debts.

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Yes, you are right. Debt is the foundation of the banking system. But, with basic financial management skills, kids would be brought up to understand how to spend and save. For example, I hear of peop

i know.. but then there'd be no NATIONAL DEBT.. usa is like first in the world by national debt.. $38 TRILLION.. and credit card debt here is like $1.34 TRILLION, meaning average each US person owes $

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