One of the most popular customs in US is to live on credit. People can so easily get the credit cards now and this is the reason why they are almost living on credit. Everything that they need is obtained by the credit cards. Each of the persons has more than one credit and they do not even think before overspending. It has now become a very common problem and now people do not even think twice before buying something that they can not afford. This is the reason why many people are going in huge debts. This was also one of the reasons that US was most affected by recession.