We live in a debt culture. The majority of us have debt of some kind, be it a mortgage, student loans, a car loan, a line of credit, carrying a balance on our credit or store card(s), a government-endorsed loan against retirement savings, a buy-now-pay-later purchase, a payday loan, a pay advance, a debt owing to a bookie or dealer, or a mix of the above.
While many would argue that the seriousness of the various types of debt varies from “good debt” to “avoid at any cost,” I would argue that the fundamentals of how they affect our behaviour and how we feel are generally the same...
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