Comment by netfire

Per https://www.valuepenguin.com/average-credit-card-debt#income; the lower income earners in the US have almost 10% of their income in credit card debt. Per https://www.pewtrusts.org/en/research-and-analysis/fact-shee... 12 million people spend $9 billion in payday loan fees and people spend billions of dollars each year playing the lottery. Poor financial decisions and money management is definitely playing a role in this as well.

We really need to include suggestions for adding programs and laws for encouraging saving, removing predatory lending, and incentivizing responsible spending in articles like these. There is too much focus on consumer spending and not enough on household stability and having money in the bank for emergencies.