Savings and Debt

Read this New York Times article called "Couple learn the high price of easy credit". What is your reaction to the article? How do people get into debt so easily? How can finance charges be so dangerous? Also include a chart on the US declining savings rate. Why don't Americans save money anymore? See if you can compare the savings rate of US citizens to the savings rate of another nation. You have two class periods for this blog! (So it better be good).