The Credit Card Turns 50!
Well, thanks to the beautiful birth of the credit card, people in the US have been in personal credit debt for 50 years now!
The WSJ created a little video outlining how this wonderful invention that can spur consumer spending has created $2.5 Trillion in debt with 640 million card in issuance, which as you can calculate is over 2 cards per person (yes, even babies use credit cards).
…and many more…
Tags: Credit Cards
Leave a comment