Saving and Debts

The U.S. has the tendency of charging people with the interest because if you make a late payment you have to pay a late fee, and its interest keeps going up. People get in debts easily because they use their credit card too much 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. The saving rates in America went down in the couple of years because the interest rates were too high and people couldn't pay it off.