The American public was doomed to be forever at the mercy of the financial industry when they quit asking “how much does it cost” and replaced it with “how much is the monthly payment”.
The only reason that inflation of prices has occurred is due to the fact that we will buy anything that can be purchased with that little bit of extra money we have at the end of the month. However, the price of everything will eventually reach the upper level of what the people will pay...MONTHLY.
I was born in 1946. I was poor. I started work when I was 9 and I earned the discipline to save up for what I wanted. To this day I still do the same and now I own 2 houses, vehicles, a business and a wealth of physical assets.......and still don’t owe anyone a monthly penny except for monthly utility bills on a monthly basis.
Easy money was a trap by the financial industry to make slaves of the gullible people....and it worked!