Now about all that personal debt that is hanging around the neck of many folk – If this does not sober us all up nothing will

www.theguardian.com/commentisfree/2017/sep/04/britain-addicted-debt-crash-2007-sub-prime-mortgages-personal-credit

The Guardian has the opinion piece on its web site – see link above

Oh dear and let’s face it we are not really being told anything here that we didn’t really know already yet we still keep on creating more debt. Is this like Brexit in that we are becoming addicted to financially self-harming ourselves?

With thanks to Roy Connell for the lead to this posting.

Household Debt!

www.bbc.co.uk/news/education-38370219

This is probably one of the biggest financial problems facing the UK because at some point our financial systems will recover and interest rates will start to rise. On that basis what will happen to those who are in debt up to their arm pits and have incorrectly assumed that historically minute interest rates are the norm and that they will be in the future.

Some people will sadly be ruined.

With thanks to story spotter Roy Connell