Maybe a little debt doesn't feel too bad, but sooner or later people ask themselves, "Is it too much?".
That's when they start comparing themselves to peers. Friend A goes on a cruise twice a year. Debt doesn't seem to be an issue. Friend B doesn't make a lot of money, but is still a credit card clothes horse.
According to financial blogger Michelle Schroeder-Gardner, comparing yourself to others is false security. It makes you think debt is normal. It also makes you think you can afford to have it.
