America's in Debt Denial

Bonniebelle38 · **America's in Debt Denial**

I came across this article today and thought it was interesting.
http://money.aol.com/bankrate/credit...08120209990001

I have several friends that are in denial of their debt, it's scary to me, they don't seem to think much about it & say "I'm always gonna owe somebody, so what if I open another CC account" I guess my friends aren't the only Americans that have this problem.

jnbythesea · 03-03-2007, 05:54 PM

I think that is one very frightening article. How has our nation changed so much just in the past 50 years? When will people start being responsible again?

Missystuy · 03-04-2007, 09:28 AM

My dh is in denial. Everytime we have a little money, the first thing he does is want to spend it.I'm always reeling him in. In fact this past week, he was taling about buying this and that with his next paycheck, and I had to remind him, HELLO, we have this thing called DEBT. Lets take care of THAT before we start with something else. ugh.

Kim · 03-04-2007, 05:53 PM

I do think American in general are very much in Debt Denial. Immediate gratification is tempting enough as it is, and easy access to credit makes it possible to have just about anything without having to pay for it. I just hope our kids' generation learns something from the mistakes our generation is making.