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90% of Americans live off of credit and beyond their means. It's the new American way. Look around you, very few people, including teenagers, have crappy old cars, old clothes and eat home every day. True poverty doesn't exist in the US, only denial does.
We pay cash for everything, mainly because we don't have extensive credit lines and it truly sucks, because we have to pay more for everything, just because we don't have that addictive luxury.
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