Personal debt is related to both finance and economics, Ask an Expert

Finance

Personal debt is related to both finance and economics. Economics studies debt as a consumer behavior whereas finance looks at debt as leverage. Either way, debt and access to credit affects spending in many ways. Overspending leads to excess debt, but is some debt still ok? Some experts will weigh in on the issue and we'll discuss their opinions.

In your opinion, is it possible or wise to get completely out of debt? Explain your opinion using at least one resource to support your answer. Your post should be a minimum of one paragraph with reference source.

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