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Thread: How long will US dollar's decline last?

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[quote=GUEST22992,276701]It is true that the U.S. does rely on credit too much to finance for a life some people cannot afford, but this has to be viewed on two different levels.

There ARE the people--not that I know too many of them--who use credit cards, constantly, for the luxury items they just "have to buy" or else, get a much larger loan because they would rather buy the gas-guzzling truck with all its special effects than a simpler, smaller, more efficient vehicle.

On the other hand, if we're talking about someone who saves up for the down-payment on her house, keeps good credit, buys a house reasonably sized for her family, and is willing to spend her life paying off that investment... well, it's hard to say it would be better for her to have just saved up all her life to buy a house near the end--or just not buy it at all. (Then her kids get to squander it YEA). Others who are building up worthwhile debt include college students who come from a background with too low an income to finance their own higher education and live in a society where you need at LEAST a bachelors degree if you want to have any life at all.[/quote]

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