It only makes sense, people struggle to pay their bills and they turn to their credit cards to begin paying essentials. Put that on top of the already seething cauldron of consumer debt and you have the potential for the next bubble burst. Click on the title to read about the speculation worth watching.
So basically credit cards are a big part of the debt America is facing. It's half our debt?! What the hell. Americans need to stop overspending money they don't have and defaulting. It's causing more debt and the rate is still climbing. It's ridiculous to think that people still get credit cards and spend money they don't have. They need to stop thinking about material things and start thinking about how it's affecting others.
ReplyDelete--Debra Spears
I don't understand why people believe that credit cards have no limit. It is astonishing how many people find themselves in financial dept each year because they cannot pay off their credit card bills. People have to start learning how to manage their money appropriately or we will keep having to deal with these recessions.
ReplyDeleteWhen people have trouble paying something off, they turn to their credit cards. Its like a drug and people are addicted to their plastic. They tell themselves they'll pay it later, but that later turns into triple the amount that they spent a couple months ago. They need to have more responsibility.
ReplyDelete-Tiffany Trad