Another reason to take on debt, as an individual, is to leverage your position -- It's indirectly related to provide income in excess of interest payment. An ex

Another reason to take on debt, as an individual, is to leverage your position -- It's indirectly related to provide income in excess of interest payment. An example would be to take on debt to purchase a vehicle to broaden the area where you can potentially work. You have to make sure that you buy a vehicle at the optimal marginal return (so close to a clunker.) and I think that's where the problem resides: I see individuals have possessions that cost way below the optimal marginal return for status.