Part of the issue with the current system is that it is DESIGNED to create debt necessity. Do you have or did you ever have a mortgage? If so, that IS living beyond your TRUE means.
Stock markets crash, property prices plunge, health catastrophes happen, and sometimes financial institutions and entities outright abscond with money. Stuff happens even to "planners". For the untold number of people who went broke and then into debt this past year just trying to keep their businesses from permanent closure, "lack of planning" or living beyond their means wasn't the issue.
Part of the issue with the current system is that it is DESIGNED to create debt necessity. Do you have or did you ever have a mortgage? If so, that IS living beyond your TRUE means.
Stock markets crash, property prices plunge, health catastrophes happen, and sometimes financial institutions and entities outright abscond with money. Stuff happens even to "planners". For the untold number of people who went broke and then into debt this past year just trying to keep their businesses from permanent closure, "lack of planning" or living beyond their means wasn't the issue.