Why It's Good to be Weird
It starts in grade school – that desire to fit in and be "normal." We want to do what our friends are doing, and our parents say, "If your friends jumped off a cliff, would you follow?" Unfortunately, many of our peers are jumping – into a pit of debt. The average American family added 14% more credit card debt in 2022, according to moneygeek.com , and auto and personal loan balances are up too. Experian reports that mortgage debt has seen record growth. A 2017 Pew Research study found that 54% of Americans spent more than they earned every month . While the personal savings rate increased in 2020 as people were forced to stay at home, a surge in spending and debt began again once COVID-related restrictions were lifted. These aren't the people you want to follow. When the Joneses spend more than they earn and save less than they need, keeping up with them is a terrible idea. There's good reason to ignore media influences and other people's choic...