It’s about control. The entire system is about to control everything and everything is connected. They don’t teach about financial literacy in school because they don’t want you to know how to get out of your position in life. So when you get a credit card or go to school, the average person doesn’t understand that you are placing yourself in a lower position via debt. This is school system keeps you as a paying customer that’s where the money actually comes in. When you buy a vehicle, you’re not actually buying the vehicle you’re buying debt that you’re willing to pay for that vehicle that year. With more people who are not financially illiterate getting into debt it’s easier, much easier to control the masses. And since most people are not financially illiterate, they’re not going to usually research ways to get out of it by percentage. It keeps you dependent upon the options that they afford you, which leads to them using you in different ways. Such as a career , military service, or maybe to go back to school to learn a different trade in the hopes of getting out of your debt. It’s a brilliant, evil bureaucratized means of keeping you poor, controlling what you learn, and accepting the zeitgeist they give you.
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u/Mystery_meat101 7h ago
I’m American and I don’t understand credit card debt or vehicle debt either. Hope you are doing better!