Millions of us are in the grip of a ‘spendemic’ – piling up debts on credit cards and overdrafts. Locked into an endless cycle of debt, borrowing and spending, from which few of us manage to escape.
If this sounds familiar, here are some of the top reasons we get into debt:
1. Trying to Keep up With the Jolies
…or what’s been dubbed ‘The Hello Factor’- desperately trying to keep up with the whims and vagaries of show business fashion. Millions of people are being driven towards debt because they’re trying to keep up with celebrity covergirls.
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