Understanding debt

Understanding the impact of debt…

But let’s see how this debt world works from the perspective of equality. While rich people borrow to invest and this investment generates profits and income, poor people borrow to consume. Once you borrow to consume, you are in trouble because there is no stream of income accruing from those borrowings. There are simply repayments. These repayments don’t add to your income but detract from your income.

System is rigged for the rich so the poor borrow to get poorer

Definitely need more articles which explain the impact of financial decisions and chasing the consuption using credit.