Debt Burden

@yanzalong (10150)
Indonesia
May 4, 2017 8:18pm CST
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.
2 people like this
6 responses
@Hatley (164736)
• Garden Grove, California
5 May 17
I imagine a lotof people are taking out loans to pay back on billsd wow
2 people like this
@yanzalong (10150)
• Indonesia
5 May 17
They don't care about the debt strangling their necks.
1 person likes this
@Hatley (164736)
• Garden Grove, California
5 May 17
@yanzalong some dont most d o
@prashu228 (25814)
• India
5 May 17
@yanzalong yes everything is over they show their frustration on children
1 person likes this
@EMuhungi (1733)
• Nairobi, Kenya
5 May 17
Even the government itself have debts. Debts are bad unless used for the right purpose.
2 people like this
@yanzalong (10150)
• Indonesia
5 May 17
Absolutely.
1 person likes this
@Shavkat (56925)
• Philippines
5 May 17
I can't afford to have loans from the bank as much as possible. I can't deal with the high-interest bank debt.
1 person likes this
@yanzalong (10150)
• Indonesia
5 May 17
Me neither. People can't help asking for loan no matter what.
1 person likes this
@hereandthere (28957)
• Philippines
5 May 17
i don't have any debt myself, but helping someone because they don't have regular income.
1 person likes this
@sharon6345 (118630)
• United States
5 May 17
Someone in my family wants to take out a loan for bill paying.
1 person likes this
@prashu228 (25814)
• India
5 May 17
That's horrible, debts increasing day by day. Everyone want a high standard life that's the reason of increasing debts, one of my friend she works in a bank she bought everything in the fifth month of her job just buy taking loans and now paying interests every month and her husband did not have a good job, if we ask her what is the need to buy so many at a time , she says "status".