It’s tempting to believe this is an economic issue, and it can be resolved with better jobs and more pay. The truth of the matter it is not an income problem. It is a spending problem. Yet, I think it’s more than either. Certainly some education on money, and the value of savings, would be helpful. The problem, though, is even bigger than that.
We are a society drowning in debt because we have a spiritual health problem. Each time we overeat, overwork, overplay, over do anything, we are drawing on the principle in our health bank. Every abuse of health, financial, or otherwise, hastens death. So, spend wisely my friends.
Take Away: Barrowing on life has a 1,000% interest rate.