I think that debts is one way to help the economic grow

in U.S. However, we try our best to become debt free. Since my hu*****and and I both like to play with numbers, so we always pay off our credit card balances every month, the 14% interest rate is just not worthy to pay. I persuaded him to get a 15 years fixed (4.75%) rate mortgage for our house when we bought our house in 2003. Such that, we can save 340.000 overall comparing the 30 years 5.5% fix rate. People might say that we should use the extra money for stock investments, but we are not very good for that (except our 401K and IRA investments are managed be the finance firms). Both of us don't even have any car loan. My hu*****and should feel lucky that he married a Chinese woman, LOL.

I think whether getting debts is just a matter of life style. Some people like to enjoy all the luxuries while they still young. But others including myself prefer to have more security in life. Which one is better, that is up to the individual