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Comment by rosalinekarr

> Some have meagre savings (like $5.000 - $10.000) and use all of them to fund the trip (like year-long).

You really don't understand how bad it is these days. The average family does not have $2,000 in savings, much less 5 to 10. In fact, [the average American household with debt owes an average of $130,922][1]. Over $15,000 of that is in credit card debt alone.

Being broke is actually doing pretty well nowadays. We live in a world built on debt, where the financial sector makes up over 30% of the economy and almost everyone is beholden to large banks. In a few decades, we'll be right back to feudal system, if things don't change.

[1]: http://www.fool.com/retirement/general/2016/05/08/the-averag...

parent rosalinekarr 10 years ago

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