Are We Borrowing Culture?

Every big decision in our life is typically made with borrowed money. We are not a culture of savers, we're not any more. It's a borrowing culture. Interest rates mean verything. If you're a saver, interest rates going up are great. You get to invest at a higher interest rate. As interest rates start to creep and creep and Creep andcreep up, all of the sudden, your monthly payment,. despite the fact that you're buying the same car or the same house at the same price, the payment is more and more and more. Which causes la ladies and gentlemen, are one of the causes, and what can certainly aggravate a recession.