A friend of mine has a 3 BR house (with 7 TVs), 4 smartphones (1 for each family member), 2 or 3 cars, at least 2 ATVs, and a boat. The subject of wills came up one day, and I asked her if she and her husband had a will. She said no, and I asked her what would happen to all of her stuff (if she and her husband met an early demise). She responded by saying that they don't own any of it. Gahhhhhh!!!!! So that's an example of that nasty consumer debt. Makes me nauseous!