Nowadays, the potential pitfalls of debt seem many, owing to the fact that it has become more accessible with seemingly low interest rates.
You have said it all. It is so easily accessible now that teenagers who don't know how to make proper use of money can easily access it with their phones putting their parents And loved ones into jeopardy. This is from an experience not too long ago of debts ranging in millions.
Yes, people are a bit more careless with how to spend because it seems so easy to do nowadays. There's always a cost to pay with easy access, and in this case is accumulating debt that they will find very hard to pay off.
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