I’m amazed at consumers’ abilities to dig themselves very deep holes: Personal debt on brink of £1 trillion.
The predicted debt levels were described as alarming by Citizens Advice Scotland. Last February, it said a record number of Scots were now so seriously in debt they would never be able to pay back what they owed.
Can you imagine – to never, ever be out of debt? To never, ever save anything you earn because it all goes to interest payments? It boggles the mind. I’m boggled. Wow.
(‘Splains all those advertisements about managing and consolidating debt, though. Too bad it only means being beholden even more.)