Becuase North America lives off of credit. People don't know how to spend their money anymore, but they know how to rack up quite the debt.
Let's face it, banks encoruage it, they LOVE the interest that can be made. We live in a time where people can have zero down on a house!! You need alright credit, but it's not as strict as it used to be. In this cut throat environment, banks encourage debt... unfortunatley it's just got out of control.
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