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Aleonysh [2.5K]
3 years ago
14

Why is it NOT recommended that consumers acquire debts?

Social Studies
1 answer:
Kryger [21]3 years ago
4 0
-<span>People do not know what they really want, so most debt is senseless.
Very often people take debts for absolute necessities so they really need those things - therefore the statement is not true.

-</span><span>The government taxes debt.
The government does not specifically tax debt, so it's false.

-</span><span>Debts always lead to bankruptcy.
-no, it does not always lead to bankruptcy, only sometimes

</span><span>Debts must be repaid with interest.
-this is true! this interest is extra money that people need to pay and it typically has a negative effect on their lives.

</span>
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