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Re: Biowatch post# 222803

Saturday, 12/15/2018 7:18:13 PM

Saturday, December 15, 2018 7:18:13 PM

Post# of 253165
OT

What bothers me is that each American also shoulders around $86,000 in debt, far more than the median income. Many Americans faced with debt do not have family or other resources to rely upon in difficult economic times.



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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