THE PSYCHOLOGY OF MONEY - Commented Book
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The Great Debt Boom
For most of the 1945-1980 period, people lived lives that were either equal or at least fathomable to those around them. Debt rose tremendously, but so did incomes, so the impact wasn't a big deal. A substantial portion of the population was now using debt that previous generations would not, could not, have accessed and they were mostly okay with it.
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