Recently, I read a report called The Plastic Safety Net: The Reality Behind Debt In America. This report is all about Americans using and building up credit debt due to life emergencies and trying to keep up with standard cost of living expenses such as rent, utilities, medical care, tuition for children and even food. Furthermore it makes it seems as if people who have gotten into debt, especially low to mid income citizens, are victims and have very little control over wh…
It’s Normal To Use Credit?
According to a commercial that I have seen, at least once every time I turn the TV on, it looks like a good, normal life to use credit lines. In just sixty seconds, this commercial portrays the life of a couple. They meet, they get married, they have babies, they are middle aged, and finally they are senior citizens and grandparents. All along, it shows flashes of the different credit cards, that go along with the themes of the various stages of this couples life. They have …