Sounds like you are prudent. Many aren’t. You’re a high earner, I’d suggest others with similar income will have multiple foreign holidays, new cars, meals out every week etc. You choose not to, presumably because you don’t want to be financially exposed and don’t see a credit card limit as a spending target.
Too many have no financial resilience and are not living within their means, rather living leveraged lifestyles which assume all will be be rosy forever. I’m waiting for the sob stories of ‘we can’t afford presents for the kids this Christmas’, with a picture of a family head to foot in designer clothes and 2 leased German cars on the drive of the ‘Executive home’. 10 bob millionaires everywhere. You’ll know they’re in the 5#1t when they put £20 of diesel in the X5. When their lines of credit run dry, the piper will still need paying. Their choice, their responsibility, their problem, their consequence, not other tax payers such as you and I. As Buffett says ‘only when the tide goes out do you discover who’s been swimming naked’. Help those who need help and have no options, absolutely 100%, but not those who choose to swim with sharks in speedos tied to a leg of lamb.
