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Next economic question. WHY is debt so prevalent throughout the world today?
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Tim in WI
Posted 2/24/2015 06:42 (#4409714 - in reply to #4409581)
Subject: RE: Next economic question. WHY is debt so prevalent throughout the world today?



Embarrass WI
I think your answer is pretty simple. Debt is incurred when someone wants something that they can't afford.

Not saying all debt is bad, but there needs to be a plan for repayment, and then there needs to be discipline enough to actually repay it.
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