You don’t hear about the true concept of peonage much anymore:

peon -  peons a : a person held in compulsory servitude to a master for the working out of an indebtedness

I’m not talking student loans, here — that’s an investment that appreciates in value.

Peonage is getting into debt you’ll never get out of.

Peons buy as much house as they can afford, whether they need it or not.

Peons buy Valentine’s Day presents they have to make payments on.

Peons buy luxury cars and expensive clothes and then ZOMG they can’t make the minimum payments because their salary didn’t increase exponentially! Life is not fair!

“Peon” used to be a pejorative phrase. You didn’t want to be a peon. Wonder when it became the norm…