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I think we should all try to never contract any loan, whatever your profession, income, age,... You just do without until you can really afford it, you try to c

I think we should all try to never contract any loan, whatever your profession, income, age,... You just do without until you can really afford it, you try to cut down your expenses as much as possible. For example you avoid having children too early Loans encourage over-consumerism The only exception is maybe student loans, I don't know much about this because I've studied in France where education is almost all free till the end (engineering degrees) Even for a house/apartment, I saved up for about 15 years and then I could buy one

nix23 6y ago
True but i think the only one entity who is legally able to give private, non-business, non-mortage loans should be the state, a fair, justified loan with peoples who can help you (make the calc, give you alternatives etc), without the interest to suck you dry, but help you on the way so you can pay your/more taxes in the future.
yellowapple 6y ago
> You just do without until you can really afford it That's much easier said than done in a society where reliable personal transportation is frequently a condition of being able to afford anything. Kinda hard to earn money if you can't get to work. Ideally, there'd be some sort of socioeconomic safety net - like, say, a universal basic income - to provide an alternative means to bootstrap one's life and escape poverty. Unfortunately, my country seems to be dragging its feet.