Why is it NOT recommended that consumers acquire debts?

- People do not know what they really want, so most debt is senseless.

- The government taxes debt.

- Debts always lead to bankruptcy.

- Debts must be repaid with interest.

- People do not know what they really want, so most debt is senseless.

Very often people take debts for absolute necessities so they really need those things - therefore the statement is not true.

- The government taxes debt.

The government does not specifically tax debt, so it's false.

- Debts always lead to bankruptcy.

-no, it does not always lead to bankruptcy, only sometimes

Debts must be repaid with interest.

-this is true! this interest is extra money that people need to pay and it typically has a negative effect on their lives.