Why are people in so much credit card debt?
This is because the stock market's failing; it is quite unstable nowadays. There could be other reasons, too.Because of taking so much loan to pay off mortgages for their houses and cars. How ever they dont realize that they cant pay it back to bank on time and end up being bankrupt by the banks. for example lookj how many people were bank rupted in U.S.A because of these reasons.