Still Living From P...
 

Still Living From Paycheck To Paycheck  

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MidnightCowboy
(@midnightcowboy)
Noble Member
Joined: 3 years ago
Posts: 1084
May 24, 2019 8:01 pm  

I agree that the economy at present is great, however, when I am standing in the supermarket line, the majority of customers are using a credit card to pay for their groceries.  The same thing is happening at the gas pumps.  Installment buying was a major cause of the 1929 Great Depression.  Many parents today have to resort with "plastic" to pay their bills because college tuition is so expensive for their sons and daughters.  Keeping up with the mortgage payment is another reason why so many people have to rely on credit cards.  This situation is not going to end.  It's only going to get worse!  History has a way of repeating itself, so, this great economy that we are currently experiencing is vulnerable and could tank sometime in the near future due to excessive credit card usage.


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