I think we have been programmed from long time like from aftermath of world wars that we that we are supposed to take loans to lead a happy and rich life. We need things to be happy and be respected and valued in society. Material things are very important and it is essential to take loans to possess the good and services that you may actually not need.
Unfortunately all this phenomenon is created by the banking and finance system in cahoots with real estate to allure people into thinking that are missing something in their lives and took advantage of scarcity mindset of people. The invisible marketing force of the industry is so compelling that we submit to our primitive instincts to jump into getting into a debt for 20 years or more for a piece of land or house.
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