ever heard of "debt slavery"?
I think more of us are in a form of debt slavery than we realize. If you owe more than a mortgage and maybe a car payment, you've become a slave to the financial institutions. We work to make payments on the things we've bought on credit.
If we're completely, totally honest with ourselves, we have to admit that most things that we've bought on credit, we really didn't need. TVs, electronics, computors, furniture, big boy toys, etc etc etc.
We've got all these great toys and gizmos but we're enslaved to the credit companies that we borrowed from to buy these things. If we lost our jobs tomorrow, how long before we were in deep trouble, not able to make those payments?
Kudos to people who have managed to not get caught in the credit trap, but they are a dying breed. Most Americans have fallen for the "want it now, get it now, pay for it later" mode of thinking. I don't know about people in the UK or Europe, but somehow I don't think they're as ignorant or gullible as we are.
People look back at our parents and grandparents time and think about what they didn't have that we do have. At first we think, wow, we've got so much more to enjoy than they do. But what most of them didn't have was enormous debt. Mortgage and cars...that was it. Everything else had to be saved up for. And their lives were so much simpler for it.
Sometimes I wish life was that simple again....but then I pop a movie in my blu-ray player and escape into the movie. After that I play some Wii games or I might surf the web or maybe update my itunes on my iphone, trying to foget that I've got credit card payments due.