Sold on Debt
We consumers have become a nation of servants to financial institutions. We used to joke that a bank was where you could borrow money if you could prove you didn’t need it. Now, with the advent of aggressive credit marketing strategies, we can borrow even when we shouldn’t be allowed to. We are sold credit in so many ways by so many people that we end up buying a lot of it, meaning we borrow money. We borrow money, not just because it is made easy for us, but because we are sold on the convenience, perceived prosperity, and fun that all that “stuff” and associated debt are supposed to bring us.
— Dave Ramsey, Financial Peace
