Boston Review, November 12, 2012, Monday

Boston Review

November 12, 2012, Monday

Boston Review (full article)

Using Debt Wisely

By Louis Hyman

We focus on the amount of consumer debt—mortgages, credit cards, student loans. We see that big number and collectively wonder how we are going to pay it back. The trouble is we are thinking about this entire situation backward. The question is not why consumers continue to borrow, but rather why those with money continue to lend.