Have we become immune to debt?
We live in a consumerist society and it has become completely acceptable to spend as much as you want now and pay it off later. The system of saving towards a specific purchase or just for a rainy day just doesn’t exist any more. Most people these days are living in debt and have become accustomed to it. I find that a scary way to live, but in a way there really is no way around it and if you want to fit into society you have to be follow certain customs. Taking unsecured loans for going on vacations or redoing a home are quite normal these days, even though according to industry estimates consumers in their early thirties are said to have the highest amount of unsecured debt, most are not changing their lifestyles one bit. Read this good article on the growing debt culture in the UK for more information.