A few weeks ago I saw a beautiful picture in the local weekly paper. A happy couple, dressed up in their finest attire, kissing with passion. I’m pretty sure it was these people:
Now, I don’t have anything against weddings. Hell, I had one myself. Flowers, pretty dress, booze, rain, fraternity brothers hitting on sorority sisters, pictures in a book, tears, dancing, falling asleep before you could consummate, the whole works.
Weddings are fine things. They’re fun, they’re exciting, they’re a momentous occasion. I think they should be special.
I also think they should be reasonable. And what’s unreasonable about the picture I saw, in that newspaper, was that it was a full-page advertisement. For a bank.
Your Perfect Day
We’ll help you pay for it.
Wedding Loans as low as 4.99% APR
Special Rate through March 31
Ugh. Disgusting. We have now sunk so low as a society where this is acceptable. Where going into debt for an experience is considered reasonable. Where people who don’t have enough money to support themselves somehow think borrowing money is going to solve that problem.
Where bank executives, driven by profit targets, see an untapped opportunity and instead of counseling people to, perhaps, I don’t know, LIVE WITHIN THEIR MEANS!, reach out and collect interest from those who would likely be better off delaying the party for a year in order to save for it properly.
Where “investors”, a.k.a. you and me in our 401(k)s, seek ever higher and higher returns, driving bank executives to predatory practices, driving advertisement that indebtedness is a good thing to people who really shouldn’t be borrowing and are too naive to know better, driving dissatisfaction with life and the marriage, driving, ultimately, a negative cycle of emotion and action.
Don’t get me wrong – borrowing can have its good uses. Mortgage on a house, college loans, even auto loans are all using money to create more value for those who borrow. But borrowing to have a party? Putting yourself even further behind as you start your relationship? Seems ridiculous and short-sighted on the part of those who are taking out the loans, seems predatory for those who are making them, and seems negligent for those friends and family members who are sitting around and encouraging it.
Please stop this modern merry-go-round. I’m sick, and I want to get off.