The Forum > General Discussion > Credit card rates inquiry, be careful what you wish for.
Credit card rates inquiry, be careful what you wish for.
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I don't know that it is just "some" people. We now have the highest household debt in the Western world. It seems to come from the me,me,me self-indulgence that occurs when people are led to believe that they no longer need to take any responsibility for themselves. We do live in an age of entitlement (and I did not get that from the clownish Joe Hockey who thinks everybody is as rich as he is), but from experience.
Another problem apart from the pop psychology, that has people believing that all their problems lie in the past, is that governments actually encourage people to go into debt, and they set a very poor example with their own borrowing.