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by Swizec
4216 days ago
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> America is not set up on a pay cash and live within-your means basis. To be fair, neither is Europe. But from what I'm seeing younger generations (all of us currently in our 20's) are almost pathologically afraid of taking on debt. People avoid it at all cost. Yes, I understand Americans normally start life with student debt, but it doesn't seem like they're in any hurry to take on additional debt after that. Completely unlike our parents and our parents' parents generations. I wonder what that will do to the economy at large. |
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