At least the first part wouldn't bother me if it was a mortgage for a modest house. My uneasy feeling comes from the fact that for some people a large part of that debt is a student loan or an auto loan. If people are only able to pay down their student loan shortly before retirement, or for the auto loan, need a new car and a new loan after the first has been paid down (and the auto has broken down as well) ... that's the shocking thing.
It makes me feel uneasy for what it means to us as the society, too.
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