Credit Cards: The Crack Cocaine of the Middle Class
How bad is America’s credit card problem? We’re hooked on this stuff, and we can’t give it up… at least not without a fight.
How bad is America’s credit card problem? We’re hooked on this stuff, and we can’t give it up… at least not without a fight.
It’s easy to justify our borrowing by saying that everybody’s doing it. But are they?
Your mother first noticed it when you were about 18 months old — on the playground one day, you saw another child, and his toy caught your eye. That toy looked awesome. Sure, you had a toy too. But all the sudden, your toy wasn’t enough to satisfy you. You wanted that toy. So you walked …