Savings and Debt

I think that people should examine the credit card company before they apply for the card, because some company's interest rates are higher then coustomers expect, also the late fee can be higher then what the coustomers expect. I think the reason people get into debt easily is because people usually pay minimum payment and when you pay minimum payment you are usually paying alot more money then you spent. Also because people don't check how much the interest rates are and keep spending till there is a point when they cant afford to spend anymore and have to pay back the money they owed, and even when you cant afford to spend money people usually end up spending more because you have to buy your needs sooner or later.
The reason Americans dont save money anymore is because now days American spend more then they make, and when they spend money they usually use a credit card, and the more you buy the extra money you give to the bank, but people cant afford to give any extra money when they already owe alot.
The U.S is known for buying more then selling. In other countries people are always thinking of ways to save money, people buy less and save more. I believe that Americans are too luxurious, they spend too much money on their wants and as well as their needs.