$30,000 salaries, yet in serious debt

Overspending is the main reason that many people are in debt

Many of the cases CCS handles involves the overuse of credit cards.
Many of the cases CCS handles involves the overuse of credit cards.PHOTO: ST FILE

They are rich, successful and highly educated. These three men share so much in common that they could end up as buddies if they ever met.

All three are in their 40s, have tertiary degrees, are married and hold top jobs in their respective organisations that coincidentally pay them about $30,000 each a month.

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A version of this article appeared in the print edition of The Sunday Times on August 16, 2020, with the headline '$30,000 salaries, yet in serious debt'. Print Edition | Subscribe