Has "I Love You" Become Too Casual of a Term?

For some reason, the phrase "I love you" has become a catchphrase among teenagers and people in their 20s. This phrase is always ready to pop out of their mouth at any time. Whether they are on the phone talking to their friends or at their workplace, this phrase gets tossed around quite a lot. I've seen one of my friends saying 'I Love You' to even cab drivers because they weaved us through seemingly impossible traffic. 

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