Banks putting out warnings about world wide ballooning household debts. Do not blame households, put the blame squarely onto the shoulders of advertisers using (one could almost say) criminal marketing techniques. Who needs three automobiles, when they are barely even driven ? Then, why all this advertising of ZERO PERCENT DOWN ? (whatever that means ?). When in fact normal intelligent people know that ZERO percent could become EIGHTEEN percent annually interest, once that kicks in.
While we are at it, why not blame today’s ready access to all sorts of advertising media. Including also illegal via home telephone calling machinery. Most customers and ordinary folks are easy prey to those (marketing) predators, while others only buy what they need. Which would immediately reduce their household debt by eighty percent. [The last category including myself. Zero debt.]