There are many industries in the United States that are based on long term household debt and a maze of contracts and corporate relationships. Real estate, universities/colleges, trailer parks, cars, are some examples.
For a lot of people, including me, assuming the burden of relatively large debt is a coming of age ritual. The debt is a direct road to the 9-5 rat race grind.
When I was in my early twenties and that rat race was starting up, I was acutely aware that I was just following some script that had nothing to do with my wishes or will, but I was too uninformed to know if there were any other options.
For a lot of people, including me, assuming the burden of relatively large debt is a coming of age ritual. The debt is a direct road to the 9-5 rat race grind.
When I was in my early twenties and that rat race was starting up, I was acutely aware that I was just following some script that had nothing to do with my wishes or will, but I was too uninformed to know if there were any other options.
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