Taking on debt to make ends meet is a disaster.

…n — does. People grow poorer — even poorer than they did during the last few decades of stagnation, when everyone more or less had to take on debt just to make ends meet. That alone led to the rise of fascism more or less everywhere, because that’s declining living stan…
We’re Entering a New Economic Era — And It’s Going to Be Ugly
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umair haque
Tim Knowles
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Sep 24, 2022
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Taking on debt to make ends meet is a disaster. Now you have interest to pay in addition to your expenses. Borrowing to pay living expenses is the start of the downward spiral to bankruptcy.
TEK
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Written by Tim Knowles760 Followers
·67 Following
Worked in our nations space programs for more than 40 years
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