Yet another way the poor are subsidizing the rich: Credit Cards
(theatlantic.com)
The American consumer is tapped out. Grocery prices are bananas, housing prices are obscene, out-of-pocket medical expenses are absurd, and child care is impossible to afford, if you can find it. To keep up with the basics, let alone the Joneses, American consumers have been charging more and more to their cards.
The American consumer is tapped out. Grocery prices are bananas, housing prices are obscene, out-of-pocket medical expenses are absurd, and child care is impossible to afford, if you can find it. To keep up with the basics, let alone the Joneses, American consumers have been charging more and more to their cards.