Is Debt A Good Or Bad Thing?
Attitudes to debt vary across different cultures and generations and are a matter of personal values and priorities. Some people consider all debt incurred for anything other than a long-term investment as unwise. Some would advise that you should try to spend only what you can afford and if you do take out a loan then it should only be for a significant investment like your home. Others believe that consumer credit is a standard part of life, it is good for the economy and it helps people have a good quality of life by obtaining goods and services more easily.
