Years ago, before the era of super easy credit, a friend of mine had accumulated over $100K in CC debt. This did not include any car payments, no house payments, and no student loans. She was not even sure what kind of junk they spent it on- guessing things like clothes and eating out, or whatever she desired in the moment. She always said:
"You can't take it with you, so get as much as you can while you are here."
We always wondered if they would reach "critical mass" on their finances- when the credit was all gone and they could not maintain their lifestyle. It never seemed to happen though. I don't know what her finances are like now- don't care, but I suspect her mindset is still one of max-it-out and get as much as you can.
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