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Debt consoldation
Severity of debt can be measured by the debt-to-income ratio. When the ratio is low, you have a higher likelihood of repaying your debt. When the ratio is high, the person carries a higher credit risk
Current credit crunch
It is strange, when we consider that the vast majority of the world lives on less than $ 2 a day and that the vast majority of Americans are enamored with technology and voracious consumerism. Appetite for consumer goods is unending as people just won’t think twice before spending that buck. Everyone wants the big ticket items, like the big house, a new car, a great vacation and what not.
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Economic Situation across the globe (America under radar)
Consumerism and Inflation, great logic behind high price rise.
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