Dawn of the Debt

[youtube]http://www.youtube.com/watch?v=90wn5xMkgfk[/youtube]

This is a great piece of video saying that debt is going to kill a generation of New Zealanders. When it is time to get a house and have some kids this generation will be stuffed. There will be the group that gets away with it and there will be the bigger group that finds it impossible and shifts overseas for a decade or so in order to get ahead. It is not unusual for a late twenties kiwi to have $50,000+ of debt, no house, no family (yet – but trying) and working in a job that pays $40,000. How is this person going to get out of this hole? Society is responsible for setting up a system that allows our youth to get into massive debt with little understanding of the concequences. In fact our Government has encouraged this behaviour. Bad form Beehive nobs. I suppose they were thinking – “The best way to control the masses is get them into early in life debt and let them work it off over their entire life. With that millstone around their necks they won’t have time or cash to cause any grief for the government.”