Debt is simply people living beyond their means and focusing on the wrong things. Continually shocks me that so few really stop to think about what the purpose of debt is and who benefits the most from it.
Short answer: banks and those who rely on the credit system to build their empires benefit the most while the everyday person is burdened by obscene debts that keep them under stress and in need of work.
RE: Debt On Track To Destroy The American Middle Class