I was listening to the radio earlier and they were saying that out population is in loads of unsecured debt i.e. non mortgage/secured loan, the average person owing £3k which is apparently double the amount of your average European. We are also the most indebted country in Western Europe.
Who's fault do people think this is? Is it the governments fault for allowing it to happen? Is it theire fault for making it too easy not to pay your debt? Is it banks' fault for lending people as much as they do and perhaps failing to underwrite properly? Is it people's own fault for borrowing in the first place?
It's something I feel quite passionate about it as I work in collections, so I see people trying to wriggle out of debt day in day out. I don't want to start an argument, or get into a debate about who owes most or least and why etc etc.... Just curious to hear other people's perceptions on it.