Capitalism discovers something about low wages...

Capitalism discovers that low wages don't buy the stuff that capitalism sells. So capitalism lends money so that people can buy stuff that capitalism sells. Capitalism discovers that high debt is fine so long as people can afford to pay the interest on the debt. Capitalism finds that things might get tricky if people can't afford to pay the interest....

Young people are borrowing to cover basic living costs, warns City watchdog

FCA boss expresses fears over growing debt burden of young people saying more and more are being forced to borrow simply to pay day-to-day expenses

THEGUARDIAN.COM