Do you think that people simply don’t care about their debt (on average)? Or it’s a snowball effect? One moment they owe one bill, the next thing you know they’re drowning.
80% of Americans seem to find themselves in debt. Some will never pay back their debt. Some are so overburdened by debt that they must claim bankruptcy. There doesn’t seem to be a particular type of debt that is prominent. It simply seems as though there is more debt piling up in all areas and for nearly everyone. This is when you know the empire is falling.
Details of Debt
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