Something bothers me and I cant be the only one.
Ok as a general population we are in billions of debt (not including mortgage debt) largely due to to much available credit, borrowing beyond our means, housing is (was!) over priced, peoples pockets dont stretch as far as they used to due to rises in all costs but more importantly including essential costs (water, gas, elec, pertrol).
I know im generalising, but greed, living beyond our means and a lack of financial education from a young age are the single biggest reasons for the mess we are in.
Why then is the government not encouraging people to be more responsible, save money, avoid taking on credit, regulate the credit industry to stop this nonsense of 30+ % apr deals, etc.....
Instead they are trying to release the credit block so we can again access easy cheap credit, thus continuing the cycle...and to top it all off borrowing billions themselves in a "buy-now-tax payer-pays-later" policy.
rant over
Ok as a general population we are in billions of debt (not including mortgage debt) largely due to to much available credit, borrowing beyond our means, housing is (was!) over priced, peoples pockets dont stretch as far as they used to due to rises in all costs but more importantly including essential costs (water, gas, elec, pertrol).
I know im generalising, but greed, living beyond our means and a lack of financial education from a young age are the single biggest reasons for the mess we are in.
Why then is the government not encouraging people to be more responsible, save money, avoid taking on credit, regulate the credit industry to stop this nonsense of 30+ % apr deals, etc.....
Instead they are trying to release the credit block so we can again access easy cheap credit, thus continuing the cycle...and to top it all off borrowing billions themselves in a "buy-now-tax payer-pays-later" policy.
rant over
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