No. of Recommendations: 1
If I understand correctly you are saying our ancestors didn't get into so much debt because it wasn't so readily available.

I submit the possibility that it wasn't made so readily available because most people just wouldn't have used it. That means there wouldn't have been such a profitable market for it.

I do acknowledge that the convenience has improved a lot. After all we didn't have magnetic strips in our pockets and ubiquitous readers at every cash register, nor did we have nearly as prolific of a retail machine scattered across the country. But I still believe the primary difference is attitude. Living in debt, beyond business capital investment, was seen as something good folk just didn't do.

You may be right xtn, I don't think there's any way to know for sure. Maybe those people were just better than we are now. I guess I have a hard time believing people would change so much in such a basic way over such a short period of time (that is, not hundreds of thousands of years, but hundreds of years), BWDIK?

If we're some devolution of previous people, then isn't that the ultimate excuse for being in debt? I guess I feel people can still control their spending and their fates, but maybe we are just not good enough anymore. There are a few throwbacks, but maybe as a society we're just doomed to be in debt now. We don't have the moral fiber of previous societies. That thought makes me really sad, but maybe you are right. :-(

Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.