Horizon170 wrote:
Aridon wrote:
People are making poorer decisions based on if they can barely afford the payment for something. That is why most are worse off.
I agree, poor money management does have a lot to do with it, but the cost of living has escalated drastically over the past many years. Just housing and health care alone is staggering.
My mother-in-law raised 5 children without health insurance and paid cash for medical bills all along the way. Today, that would be very difficult.
My wife and I both paid our college tuition as we went through school (without loans or credit card debt). It is highly unlikely my kids could do the same if they choose to attend the same university.