I was blown away by this article! I couldnt believe all those numbers. It's unbelievable. How can someone possibly pay that much money? It'll take a lifetime. You can easily get carried away with a credit card. Credit cards seem convenient when you are in need of money but its not in the long run. It gives you easy access to money when it is needed. Simple as that. You're able to obtain the money so you go ahead and take advantage of it. Its hard to resist. People are getting into debt because they absolutely need the money or because they arent thinking about the bigger picture. They have one thing on their mind(shoes, clothes, electronics and whatever their heart desires). They want to be happy now and deal with the consequences later. Im quite scared of credit cards now. I dont think I should be getting one anytime soon. Financial charges ruin and damage so many lives. It can leave a person devastated and hopeless. People need to start saving up their money and prepare themselves for the future. They've got to think ahead. In this case, it isnt a good idea to live in the moment. Many Americans think they have it all and dont need to save. Especially if he/she has a high paying job. We think that we'll make more money .. so its fine if we splurge.
Australia and the United States Saving Rates
China Saving Rates
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