{"id":3964,"date":"2011-05-15T13:06:23","date_gmt":"2011-05-15T20:06:23","guid":{"rendered":"https:\/\/maysfinancial.local\/?p=3964"},"modified":"2017-02-26T14:10:17","modified_gmt":"2017-02-26T14:10:17","slug":"struggling-with-debt-many-people-do-learn-why","status":"publish","type":"post","link":"https:\/\/maysfinancial.local\/money-management\/struggling-with-debt-many-people-do-learn-why\/","title":{"rendered":"Struggling With Debt? Most People Do, Learn Why"},"content":{"rendered":"

Rather than only taking on new debt for emergencies, home purchases or essentials, debt has become a socially acceptable way to finance a life we cannot afford.<\/strong> Maybe we tell ourselves that as long as our debt is below a certain percentage, we’re doing alright.\u00a0 Or maybe we took on debt to buy something nice, meaning to pay it off immediately…only to still be paying a ridiculous interest rate months or years later.<\/p>\n

Here in America this problem is depressingly common.\u00a0 What’s interesting is that this problem with debt is becoming a global epidemic, even in traditionally conservative cultures.<\/strong> In recent years the consumer credit market in Asia has exploded.\u00a0 Ironically, as political and religious freedom spreads around the world we increasingly become slaves to debt and other self-inflicted oppression.<\/p>\n

One of the major keys to reducing and controlling debt is understating it.<\/strong> The below set of articles from the Open University take a look at debt and the characteristics of borrowing in the UK.\u00a0 The similarities revealed between UK and American debt are striking, but more importantly the perspective and revelations are incredibly valuable in understanding why.<\/p>\n

Introduction<\/a><\/strong>
\nExploration of Debt<\/strong><\/p>\n