Mm I don't know,I'm tempted to say it's your fault.That you've no one to blame but yourself,which is true essentially because while it's true
about us getting very little education in real world finances at school the bottom line is if you sign up to an agreement it's absolutely in your own
interest and your responsibility to know exactly what you're signing up to.
That being said I grew up in the late 70's and 80's through the last rounds of boom,bust and recession.
It was hard going,then Thatcher appeared which didnt help until the early mid 80's,who remembers the yuppies with their porsches n 'Loads of Money'
Then the s**t hit the fan just as I left school in '88 to find there were no jobs around.It stayed that way till the mid 90's.Everybody credits
Blair and New Labour for the boom but things had been picking up before they got in but definitely from the mid 90's to 2008 there was plenty of work
to be had and they bent over backwards to give you credit.
It was mad,i saw many of my friends,relatives and collegues piling credit on debt on credit.
Cars on finance,mortgaged tn the eyeballs and still taking out bank loans.Everybody seemed to get by day to day with their flexible friend the credit
I've always been wary of debt,maybe leaving school when jobs were scarce and not secure put me off but I don't like debt round my neck.Don't haue a
credit card,no loans and I pay rent.It's as well as I got laid off 2 weeks ago.First time I've been out of work in 15 years
I don't think it was an intention to get everybody in debt.Things were going well for a long time and everybody,even the government seemed to think
it'd keep on going.Credit was easy,the more you owed the happier they were to lend.
It was the blind leading the blind though and now the debts need paid.It's easy when you could take credit to pay your debts but no ones doing credit
now but the debts need paid anyway.
The government wants people out spending,that fuels demand,creates jobs which means more paye,NI,vat,fuel duty.It all ends up in Treasury where they
They dont want us skint and in debt n didnt plan putting us there,for once their not guilty.lol