Saving and Debts

I think this country just kills people with the interest because if you make a late payment you have to pay a late fee and I understood that the interest goes up. That's just insane because at least the people should get at least a warning. People get in dabtsos easily because they buy houses, they buy stuff with the credit card while the interest is very high and they get even in more debt. Finance charges are dangerous because their interest rates are high and you get a fee if you miss a payment and the interest rates goes even higher. Americans don't save money anymore because the high interest and the debts they are in and they can't finish paying it off. The saving rates in America went down in the couple of years because of the interest rates and people can't pay it off and then dont save because they don't have money left over.