concept   debt
culture   Western countries
statement   In Western countries, it is common and socially acceptable to take on debt for education, home purchases, and major expenses.
6 similar statements
# Concept Culture Statement Freq.
1 borrowing Western countries Common to borrow items such as books, tools, or kitchen appliances from friends or neighbors. 1
2 borrowing Western countries Borrowing money for major purchases like a house or car is common and socially acceptable. 1
3 borrowing Western culture Common practice for individuals and businesses to borrow money from banks or financial institutions to fund projects or purchases. 1
4 borrowing money Western countries Borrowing money for education, housing, and business investment is common and socially acceptable. 1
5 debt Western countries Taking on debt for education or home purchase is considered normal and often necessary for financial stability. 1
6 debt Western countries Taking on debt for education or to buy a home is often considered normal and necessary in the United States and many Western countries. 1