Comments about ‘Most Americans are willing to go into debt for iPhone 5’

That is a really sad thing to read. A quote I one heard: "In a consumer society, there are two kinds of slaves: the prisoners of addiction and the prisoners of envy." Which camp do these folks fall into?

I will tip my hat toMr. Pearson however. He is a wise man...

Regards...

Huh! I thought it was Obama's fault, not the personal responsibility of the individual.

Ohhh, shiny!

That, (sigh), is why we fail.

The average American is neither very bright nor very disciplined.

If they are counting, as the story implies, everyone who purchases with a credit card as someone who is willing to go into debt, then this article is severely distorted. I buy my gas, my lunch, my groceries, and just about everything else with a credit card, and pay it off in full every month as I'm sure many others do. It's not going into debt, it's convenience.
Not that I'd buy an iPhone. A $6/month tracfone suits me fine.

What that survey really tells us is over half of the respondents are idiots.

Today, too many American are willing to go into debt for a cheeseburger...

Sad. And speaks to why our country is not poised for economic recovery. Too many are unwilling to sacrifice to save our children from unbearable debt. Scary to think where this country will be financially in 10-20 years.