Desire
Last week, I was listening to a podcast about debt. While the host and guest talked about debt in the traditional sense – mortgage, loans, credit cards and negative bank balances – I was most struck by what they called invisible debt. Debt caused not by spending too much but by wanting more. It is a debt driven by desire and social comparison.
The premise of the discussion was trying to unravel the contradiction between the fact that Americans are on average both wealthier and unhappier than their counterparts living in comparable parts of the world.…