Debt Slavery In Modern Society

[Vmedvil2]

Does it ever seem like you work for other's benefits that all your money is promised away before you work to gain it? In Modern society in the 1st world countries it seems like we have evolved a sort of "Need" to constantly gain money to pay bills and other expenses I imagine it wasn't always this way. It seems as if the rich have these tricks to make money off of the poor such as things as Interest to buy a house is in the hundreds of thousands of dollars to buy a car is in the thousands of dollars, do these modern requirements in 1st world countries bind us to always be in debt? It seems that all the requirements to live in a 1st world country cause debt bondage or debt slavery, do financial intuitions really own our property and work in all honesty? Do we just work to pay these financial intuitions money for things that are required in modern society such as a house or car so they can gain interest from the requirement of buying such things? Even a more damning subject is that we are required to pay tens of thousands of dollars to gain more money to in the form of becoming a better servant to companies via college and trade schools to which gains the person debt to gain more money in the long term promising our money for a better way to make money in the form of a better paying job, to even gain a decent amount of money to pay debts requires debt. If these qualifications are correct then we could be "Debt Slaves" in modern society, when do the requirements of living enter us into bondage to work for free to pay others our work in the form of money is that the modern way of living? 

Edited January 8, 2020 by VictorMedvil

[GAHD]

Compared to the other alternatives, it doesn't seem that bad.  First World Problems.

[marwaka]

Sorry for bumping the thread, but I wanted to give my two cents. Your post really got me thinking about the financial challenges we face in modern society. It's crazy how the pursuit of a comfortable life often leads to a cycle of debt. The pressure to meet these "requirements" can definitely feel like a form of bondage. However, in the quest to avoid falling into the debt trap, I believe honing our financial literacy is key. So, before taking out another loan, consulting specialists like Mortgage Broker in Barnsley can make a difference. Their insights and guidance can help us make informed decisions tailored to our specific situations, steering clear of unnecessary debt.

Edited December 27, 2023 by marwaka