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  Kevin - I agree with a lot of what you say there. People do need to save and invest more, after all I have a vested professional interest in getting people to save in a variety of ways.
  
  But where I do part company with you is over property ownership as this something everyone should aspire to.
  
  There is good borrowing and bad borrowing. Borrowing at a level that can be serviced to invest in a real asset like a home is a good thing. It can go wrong if you over extend yourself or keep chasing further and further up the market just to get something bigger, better and more prestigious.
  
  What is also wrong is borrowing to cover day to day spending, building up credit card debt or for lifestyle choices like holidays. There has been far too much of the latter 'bad borrowing' which has largely been brought about because people fail to save.
  
  We certainly do not need another housing bubble and everyone should realise that interest rates will rise within a few years and they need to be able to service their mortgage and debt when it costs a lot more than it does now. My advice to everyone is to pay down as much debt as possible now while rates are low so when they do rise the increased costs will be on a lot less borrowed capital, if any. A lot of mortgages these days are calculated on a daily basis so it is very cost effective to overpay your mortgage and even an overpayment of a few £ will help a lot and will compound up to a lot of cash saved. Incidentally - a lot of people think of mortgage costs as a matter of fees and interest rates wheras the biggest cost can be over the term, reduce the term by overpayment and you can save a lot more than remortgaging for a lower rate specially with the fees involved.
  
  There, a bit of free generic financial advice for you....

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