kangji,fan

Jan. 29-31, 2003 -- American consumers now owe about $1.7 trillion in credit card and other debts -- an amount equal to the gross national product of England and Russia combined.There are several reasons,first of all,we have to say that North America(N.A.)have the count as one of the best economy,the people there have the different ideology for shopping.Most of them think that they can use the money together including the money they earn in the future.However,when the time which they should pay back the money is coming......they have no money to pay it.That akso have a lot of reasons,most are the laziness and the lacking of responsibility.