Remember the good old days when our parents saved up to buy the new colour tv or couch??
When I was just starting out on my own, first job, etc. In the mid 70’s....it was very difficult to get a credit card. My how things have changed. I remember getting my first credit card, had to fill out an application, etc. To get $300 credit limit at Eaton’s.
had to establish my credit before being approved for a Mastercard or Visa.
Now they set up booths at universities to hand out credit cards.
Throw credit at people, keep the economy going.
Can’t wait for interest rates to rise....I would hate to be one of those people that are maxed out on everything.