What is the big lie? It’s our have it now lifestyle, without any concern about our personal debt, our debt as a nation and this complacent attitude we have about it all. Debt is everywhere. It’s coming into portions of our society that never thought about debt thirty-five to fifty years ago.

A Quick Tip:
About The Big Debt Lie

We all seem to be lying. My experience has been you can’t know who has a debt problem. You can’t identify who is lying and who’s not. The stories of almost countless good, well intentioned people and families all around our Western culture are the same when it comes to their money.

The easy availability of unsecured debt is carrying a big hidden secret we all are simply not recognizing or dealing with. We’re spending so much of our usable income on interest that we’ll never get ahead. The answer is right there, but we’re so busy wanting and buying stuff to have it now, we pay the lenders the price for the lie.

It’s a problem worth talking about.

Hidden in the newspapers and on the web, stories abound telling the same such tales day after day. There are stories of fifteen year old teenagers attempting to hide $2,500 of credit card debt from their parents; stories of eighty-three year olds trying to file bankruptcies, without their adult children finding out about it. Other stories range from people on Social Security income only, to dentists and lawyers with incomes well over $200,000 per year.

Oh, and one thing, you never know to whom you are talking. It seems we all lie about our savings habits or paying off our consumer credit accounts every month. We tell everyone, we’ve licked our former problems in this area.

We personally have friends who recently divorced over the matter. This couple had been married over fifty years. Unexpectedly he decided to buy, buy, buy. She was concerned about paying for it all. At the divorce decree, the judge reminded him, he’d spent money they didn’t have. The judge recommended all his purchases be returned to the creditors and gave his spouse their home.

What happened to him? He somehow got the idea he deserved nicer possessions in his retirement years. He found a way to get them. That way was easy credit. My friend is over seventy years old. No one who really knows this couple would’ve ever thought this could happen. It did happen. It tore this couple apart and it’s tearing their fifty year old children apart.

It’s created a sibling split and war regarding just who’s right and who’s wrong. The grandchildren are confused over what to believe is right or wrong. Is grandma right regarding her actions? She felt strongly, she had to divorce her mate of fifty years to save herself from his spending all the assets.

He knew their financial situation. Something happened. Availability of easy credit put their finances at risk. Grandma made the right decision. They don’t have the ability to work or pay for the debt grandpa created. It was a decision she never would’ve faced before the days of easy credit.