Truly? along with many times that on housing loans? can we as a country surf the wave of an economic bust when it comes, it will come you know, it always has and history confirms that

I don't owe a cent to anyone. I have a debit card, and spend my own money. I wiil let you worry about the problem and the idiots who don't know how to budget, Belly. You are the socialist with all the answers.

ttbn, Well typed out a pithy return serve insult, then re thought it? why bother? now this not so Socialist wants to warn every one,my thought bubble while it has been around for some time/my whole life, is powered by this days SMH it tells us over 12 million Australians have credit cards, that 18 percent have trouble paying them off, may never do so, figures come from a newly released report yesterday, add those in very real trouble paying home loans, some are in both categories, at a time of low interest, and it should show every one is at risk if the crash comes, I long ago paid out my card and destroyed it, owe no debt,read the story consider housing debt and think if interest rates on housing loans gets back to normal levels, then tell me we do not have a problem, do not get me started on a bit coin collapse.

I fell into the trap when they first came out. then got another to pay the first. That was in the 70's. It took me well into the 90's to finally pay them off. Then I find that you never ever pay them off. Your card is with you for life even if you pay it out completely, cancel it all together & cut it up. It remains active forever.

They even tried to Bill me for fees after I'd cancelled it with a Zero Balance. It took a lot of work to get that stopped. Apparently I was in credit for One Cent.

The Banks don't want to let you go, ever. Now I use a Debit Card only.

I could never understand how people can buy non essentials with money they don’t have.
How could you enjoy a holiday, knowing that when you get home, you have to pay for it?
That large screen tv looks good but if you have to go into debt to buy it, then suddenly it’s not so appealing.
We have become a society of people who want instant gratification and have lost the ability to save for the non essential luxuries we want and it’s going to end in tears for many people.

Much the same for me JAYB but in truth it will not be us that suffers the most, the desperate need some have for things they can not afford, and to by them with credit they can not service, is going to see many in very real trouble the sub prime mortgage thing we did not see coming may be minor in looking at what may come, we can only hope not, my income will not let me splurge but by going without and saving I can get the things I want, debt free.