Some Americans are buying EVERYTHING on installment plans, sneakers, makeup
This is the new norm in younger America. The debt drug is seeping into nearly every corner of life.
(From The Wall Street Journal)
Despite signs of a strong economy, like low unemployment, consumers are increasingly relying on borrowing to fund their daily lives. U.S. consumer debt is higher than ever, as cars, college, housing and medical care grow more expensive but incomes stay largely stagnant.