Quote Originally Posted by 0james0 View Post
I see people's incomes daily and EVERYONE has at least one form of debt (not including mortgage).

Imagine if this country returned to the days of the late 80's where interest rates rose to 16%. All of those credit cards and loans and of course the mortgages would break everyone.
But it shouldn't be that way. People should live with mum until they've saved enough to move out. They should save and buy a second hand car first. They should skip university as it is a waste of time etc. If people were given a basic grounding in how to be careful with the one lifetime that they have, there would be far less need for debt, but it's against all the wishes of powerful financial corporations and government figures with vested interests.

If I knew now what I knew a decade or so ago, I would have lived a very different life financially.