I know so many people who all of a sudden decide they must go on some exotic special trip. Why? Because everyone else is doing it.

How much is that special trip going to cost. Ohh, maybe $10,000 for the two of us or so. How much have you saved for that wonderful once-inna-lifetime trip? We didn't have time to save anything, Silly. We're going to charge it all on our credit cards and then we'll pay it off when we get home.

So they go on the trip and probably spend $15,000 because they just had to do more, see more, go more, buy more. It's a special trip afterall. So now they have a $15,000 credit card balance. Probably added to the balance they already had. Now it's $25,000.

How will we pay it off. We have to pay the mortgage payment, the payment on the two cars, the student loans, the kids are very expensive, can't scrimp and save anything there. Whoops, there is no money left to payoff the credit cards. That's alright, we'll carry the balance and just make minimum payments. Which don't even pay the interest every month so the total debt grows.

Better not have any more big bills come in. No unexpected medical bills. No home repairs. No car repairs. No nothing or it will add to the credit card debt.

So now the credit card debt is growing every month and it can't be paid down, there is no money left over every month.

Such is the case for so many millions of Americans, apparently. Slowly going broke. Better not have a recession and mass unemployment. That's happened before, it will happen again. Then millions of Americans lose everything.