beardface
Member
- Location
- East Yorkshire
Be interesting to know how many do a cash flow budget for the year and review it through the year. Debt is only bad debt if its not repayable or stops you being able to pay other bills such as rent. In my opinion if there are those out there who are owner occupiers with little to no overdraft, who claim there in debt then, they need to review there business model.
As for the current social economic issue the main culprit is rediculously low interest rates leading to high borrowing by at risk individuals with little ability to actively save for the future, i.e. house deposit.
As for the current social economic issue the main culprit is rediculously low interest rates leading to high borrowing by at risk individuals with little ability to actively save for the future, i.e. house deposit.