“Unmasking America’s Debt Dilemma: 14 Shocking Financial Habits You Didn’t Know Were Hurting Your Wallet”
Divorce often means managing expenses on one income instead of two, which requires a change in lifestyle and budgeting. Failing to do so can lead to overspending and accumulating unnecessary debt. Plus, the divorce itself can eat up a significant amount of assets, further contributing to the debt crisis.
14. Gambling and Addiction
Addiction, whether it be gambling, drugs, or alcohol, can also contribute to debt. These behaviors often come with financial consequences, such as spending large amounts of money on drugs or compulsive gambling.
Addiction can quickly spiral out of control and lead individuals into overwhelming debt. It’s crucial that we address addiction and provide support and resources for those struggling with it to help prevent financial struggles.
Ultimately, the debt crisis in America is not solely caused by one factor but rather by a combination of societal pressures and personal habits
20 Things Poor People Waste Money on, According to Suze Orman
If you’ve ever watched her show, you know Suze Orman pulls no punches. She’s all about calling out bad money choices, urging people to take control of their financial destinies and ditch those pesky spending habits that derail progress. While her advice can be blunt, she aims to empower folks to build wealth and protect their financial futures.
It’s important to note, Suze Orman gets flak sometimes for being too harsh. She’s not shaming people, but highlighting how certain expenses can sabotage big goals like homeownership or a comfortable retirement.
