http://biz.yahoo.com/nytimes/080322/1194758124005.html?.v=1At spending money they don't have to spend. Grats to you Brits! You are even worse than we are at spending responsibly.
"Debt-Gorged British Start to Worry That the Party Is Ending
Saturday March 22, 8:37 pm ET
By JULIA WERDIGIER
LONDON — At one point, Alexis Hall had more than 50 pairs of designer shoes and handbags. It never occurred to the 39-year-old media relations executive from Glasgow that her £31,500 in debt ($63,000) would be a problem.
“It was so easy to get the loans and the credit that you almost think the goods are a gift from the shop,†she said. “You don’t fully realize that it’s real money you are spending until you actually sit down and consolidate your bills and then it’s a shock.â€
More at link