Many people make bad choices, and cannot see it for themselves. The same goes for people with overspending habits, overeating habits - it is all the same - and nobody wants to look at themselves and admit that it is their problem.
Like you said real hardships exist - medical emergency, death in the family, loss of job, and these things can certainly take a person who was on the right track and put them quickly into a bad situation. But I think more than anything poor choices for the most part are what lead people into debt.
The best question is how to educate people well enough to help themselves. If they do not come from an enviroment where they learn to work and save for the future, develop an emergency fund, save half their paycheck, then how will they know how to avoid problems?
It is the same for people who never learn good health habits and become obese. One can blame genetics but that has proven to be mostly incorrect. Look at the biggest loser - they all become thin people and most maintain their new weights after leaving the show and just have completely changed their lifestyle. The same goes for people with income/expense issues. There are so many ways to spend spend spend and our society encourages it. It is just a matter of fighting temptation.
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12-14-2011, 09:03 AM
