Persevering through the storm: Managing debt in a tough economy

Since the end of 2008, Americans have become familiar with the term “bailout.” Banks and financial institutions dropped one after another, the automotive industry is in shambles, and all we can do is watch in total dismay as the financial stability of our country continues to spiral downward. So why has this happened? Greed? Yes. Thirst for power? Certainly. Corruption? Obviously. All have played their part in the problem, but the main issue is debt. We have bought into the notion that debt is necessary in our society and that we need it or else we cannot build up our […]

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