Effects Of The American Indebtedness

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Jesse J once said it ‘aint about that money, money, money, we don’t want your money, money, money’ but these words could not be more riddled with lies. Today, it all about the dollar, saving and investing and most importantly, spending. In this modern age, it’s all about the next greatest thing, phones, computers, etc. Though the want for new things has improved technology, it’s also had a devastating effects on the wallets of the American people. The debt rates have skyrocketed, and more and more are turning to credit cards to spend and pay their bills. The American indebtedness is a product of the ‘got to have it now’ attitude because of the materialistic attitudes and the snowball effect of debt. The materialistic attitudes are emptying

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