pull down to refresh
That's partially true.
reply
people dont need iphones to live.
reply
So....?
reply
I think it is more that people are living outside of their means.
reply
Do you realize the spikes happen right after massive dollar emissions by the Fed?
Pinning the increase in debt to "people are dumb" is easy but imprecise (I'm being polite)
reply
This is normal though.
People take on debt because they are careless with money.