Do you think availability of excessive credit is ruining our society?

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Do you think availability of excessive credit is ruining our society?


Greetings steemians!


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I found this beautiful and the most suitable image on pixabay.com for this post. It wisely depicts the burden that loan puts on us. In todays world we can get things on credit. Banks and financial institutions are requesting us to buy things even if we don't have enough money in our pockets. On one hand this facility is helpful for us as we now not have to rely on our savings. On the other hand it is making us spendthrift and also encouraging excessive consumerism. People don't hesitate to buy something that is beyond their capacity to pay. Some people even commit suicide when their loan amount becomes too high for them to pay. Many families faces problem of financial crunches.

Do you think availability of excessive credit is ruining our society?
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  • Yes.

  • To some extent.

  • Not at all.

  • I have no idea.

Answer the question at dpoll.xyz.



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13 comments
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Voted for

  • To some extent.

People who abuse it may suffer some pretty severe and long lasting/impacting results.

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