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Re:Americans Hold Over $4.1T in Consumer Debt by maxxxxx on Sunday February 26, 2017 @11:28AM (#13738008)
A lot of people don't have guaranteed retirement benefits, education is expensive and sickness can cost you a lot of money any time. When things go well you can live well in the US but things can go bad quickly.
Re:Americans Hold Over $4.1T in Consumer Debt by adventured on Sunday February 26, 2017 @01:47PM (#13738905)
That's also true in many other developed nations in regards to education, such as Canada, Japan and Britain, which have between moderately and very expensive education systems. Britain for example now has arguably the most expensive university costs:

https://www.theguardian.com/education/2015/nov/24/uk-has-hig...

"Britain has the world’s most expensive public university tuition fees, surpassing the average in US equivalent institutions. While student fees can be higher at many ivy league and other top colleges, the £9,000 annual charge for attending an English institution pushed the British average above the US’s public colleges for the first time, the Organisation for Economic Cooperation and Development said."

http://www.ft.com/intl/cms/s/0/62a1d4e0-9213-11e5-bd82-c1fb8...