kewp: I also read the article about credit card debt. I think that the mindset of many people today is spend, spend, spend because if they lose their job, they will just declare bankruptcy. I recently read that the majority of the country has almost no money in the bank and lives from paycheck to paycheck. They have become so addicted to the “I must have it now” way of life that they put themselves in debt up to their eyeballs to have the latest widget/gadget.

On the other side of the fence, the people who are presently saving their money or have a long history of saving their money are being punished with ridiculously low interest rates because of the same irresponsible bunch that bought houses they couldn’t afford and are now spending like drunken fools with their credit cards.

Debt, debt, debt…………….it makes my head swim that people can sleep at night when they have so much debt.