Macaulay Culkin is making waves as one of Hollywood's hottest young actors. His first starring role was in the movie, “The Secret.” He has also appeared in movies such as “The Breakfast Club” and “The Perfect Storm” among many others. With such a successful career, you would think that the only way he would be able to afford his current lifestyle would be through debt!
Unfortunately, many actors become so accustomed to having money that they end up becoming too dependent on it, not being able to do what most other people would do – keep their own lifestyles at bay by living in poverty, like the majority of the world population. You could not have known that this would be the case with Macaulay, until he took out a loan. He borrowed $75,000 to buy the brand new Porsche that he so deserves.
Of course, this is not the first time that Hollywood has made a big deal about celebrities with large amounts of debt. They make it a point to talk about them and make a fuss about how poor they are, but no one seems to say a word about the fact that Hollywood itself is causing all the trouble in the first place. Macaulay Culkin is still able to live like a celebrity and pay off his debt with the same attitude that got him there in the first place.
So, why should anyone care if Macaulay goes bankrupt? Well, it is the same reason that people would worry about Macaulay's future if he were in a similar position a few years ago.
People with a lot of debt tend to act like they are better off when compared to people who are more financially stable. They take on debt as if it were a social status symbol, rather than because they really need it. Of course, many people are still getting by just fine without taking on loans, but those who have to borrow money and end up not making payments are usually those who are the wealthiest – i.e., the rich people.
The fact is, some people simply can not see themselves living in poverty. It doesn't work for them, so they end up taking out money that they don't really need, to live the luxuries of life that they think they deserve.
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