Staredit Network

On a side note, it is normal for a nation to be in debt unless the nation is troublesomely untrustful.

I mean "And making very little or no progress to paying it off". Everyone borrows money from the bank at some point in their life, usually so they don't pay more upkeeping a bad house or car. But if you're still in debt when you're 50, how are you supposed to live after you've retired?

Retirement is not a right, it is a choice made by individuals.

You can keep working until you die.
You can get Social Services to maintain you, but it'll be a very low monthly check, so don't expect much.

You can file bankruptcy. However, I believe there have been seem recent technical changes to that. Luckily, most debt can not do much to you, except put leans on you. So if you so how magically managed to some how get a mortgage on a new home, that loan u did back in the past would then put a lean on it. However, they can not put a lean on many other things. Only the government can go that far, and that's because of taxes.

My grandma is retired and she never had much to live off of when she was young and she is out of debt and manages to live on her own and she was very in debt. You really don't need to make much to live in retirement though you wont have alot of extra money. She was above minimum wage though making like 7-9 dollars and never really had a job higher than that. Just because someone is in debt doesnt mean they should be mentally impaired or such thats wrong Mp)7-7 they should have equal chances.
Ronald Reagan had a big issue with homeless people and said they should go get a job.