Some say they are in a “Debt Trap”, and indeed they are– a cycle where debt piles on debt and becomes difficult to escape. The average household debt in just credit cards is over $15k and the average interest charged on this debt is over 13% per year[1]. Debt payments absorb between 11% and 24% of people’s incomes, depending on what is counted.[2] But if we pull back, there is a game, a “Debt Game” if you will, that has winners and losers. A well-designed game makes the winners think they deserve to win, and the losers feel that if they just try again they might just win. But it is important to know it is a game, because games have rules. These rules are made up, they are an invention, and so, in theory, they can be changed.

There is only one valid definition of a business purpose: to create a customer.