everything they want or "Need." So they spend twice as much as they were just a couple of years ago. Many people have to keep up with the "Joneses."

They must have that new car that now costs 50% more. Since they have no cash they must finance it at the current higher interest rates. Want a new house? Sure, buy it for 100% more than you would have paid just a couple of years ago. With an interest rate that is also double.

Of course people don't have the sense to cut back spending. So the easy source of money for them is credit cards. They'll pay it back when time get better. Well times are only getting worse so keep spending and very quickly you will be $20,000 or more of credit card debt. Plus the new house and the new car and the student loans.

But the job is secure right? Wrong. Lose that job and no income all of a sudden. Then what? Foreclosure? Bankruptcy?

People never learn.

Stop spending. Save money. Be financially wise.