Debt Burden

Tweet

Just about every adult people have debt from banks. Nearly all banks give loan to individuals and of course companies. It seems that people cannot build their houses or buy vehicles without first asking for loan from banks. Even some people have debt from several banks. The loan from the first bank goes to building or buying a house and the loan from the second bank for buying a vehicle or paying their children's school fee. This has been going on for many years. Some business people prefer spending their money for business to using it for personal use. Most government employees borrow money to improve (or to look better) their standard of living.