Is marketing to blame for this increase in consumer spending and increase in personal debt? Or should we hold people accountable for their own decisions whether that is to spend their money or not?
I feel that the serious emphasis put into marketing strategies does have an effect on the spending that happens. However, people should be able to control themselves and their money without letting it get out of hand. We are taught as children in simple ways to have self-discipline. Single file lines in elementary school teaches us to cooperate with others and not cram together in a big mass but to be proper and respect personal bubbles. This may not have relevance to spending but it's one way that we see personal development in a human. People need to develop the ability to know what they want and need. I want a lot of things, however, in the end, I don't NEED it. I feel that if I have lived without it til now, then what's to not say I can live without it still. I feel that people should be accountable to for their own money. I feel that there should be more regulations for those in so much debt. Maybe more taxes for those over a certain amount of debt could be implemented. I never knew the American dream was to own so much debt that your children need to take on their parents debt problems.
Do you feel that people look at national debt more than personal debt or vis-versa?
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