return2ozma@lemmy.world to News@lemmy.world · 7 months ago'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg sayswww.businessinsider.comexternal-linkmessage-square48fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-link'YOLO spenders' have created a 'super-duper' credit bubble in the US economy, top economist David Rosenberg sayswww.businessinsider.comreturn2ozma@lemmy.world to News@lemmy.world · 7 months agomessage-square48fedilink
minus-squarePyr_Pressure@lemmy.calinkfedilinkarrow-up0·7 months agoI’ve never understood letting credit card balances ride unless you literally could not afford it. You’re just willingly paying more for things.
minus-squaredangblingus@lemmy.dbzer0.comlinkfedilinkarrow-up0·7 months agoBecause buying shit is addictive, and credit card companies exploit people with poor impulse control. Most people don’t know how compound interest works either.
I’ve never understood letting credit card balances ride unless you literally could not afford it. You’re just willingly paying more for things.
Because buying shit is addictive, and credit card companies exploit people with poor impulse control. Most people don’t know how compound interest works either.