The astonishing fact is that there has been an increasing number of individuals filing for bankruptcy in our society. Albeit of late congress made it harder to declare individual bankruptcy, I think this was not a good idea simply because we have developed an over-consumption behavior whose effects are severe. Therefore, the problem of over-consumption has led to poor management of cash among Americans hence this have resulted to negative effects.
Main causes of overconsumption problem.
The snowballing availability of the credit cards is one of the causes that section one of Affluenza: The All Consuming Epidemic lists. In addition to this, this book notes ...