A recent study found that Americans collectively owe over one trillion dollars in car debt. Couple this with the one trillion dollars in student loan debt, and it is little wonder that most Americans are living paycheck to paycheck. Many of us cannot possibly get ahead financially because we have borrowed our way into debt slavery.
Now this blog is not financial in nature, but our astronomical debt is a national problem. The amount of Americans who are barely scraping by present a wonderful pretext for big government to swoop in and save the day. There’s no denying that Americans have a terrible financial problem, and government could not be happier about this. Where there is a problem, there will always be government attempting to “solve” it by increasing their scope and size. Poor financial decisions by the average American are one of the major causes of our immoral behemoth-government.
There is also another angle which must be discussed here. How often do we hear complaints about the rich and wealthy oppressing the poor? How often do we hear that the little man cannot get ahead due to structural flaws in the American economy? How many lame and pitiful excuses do we hear attempting to justify able-bodied Americans living in a state of poverty?
Gobbledygook and bafflegab, says this writer. Poverty in America is a choice. If one is able-bodied, there is work. And ya know, work is a great place to go when you’re broke.
So stop this nonsense, America. Stop borrowing your way into oblivion. Stop giving pretext to socialism. Stop complaining about the most economically dynamic country in the entire history of the world. Make a budget, get on a plan, pay off your debt, save an emergency fund, save for retirement, build wealth, and most importantly, give. Personal finance is about you–stop making it about the government. Reckless financial behavior is seriously damaging our nation, and it is high time we get our ducks in a row.
Poverty is a choice, and we have got to stop choosing it.