this post was submitted on 05 Aug 2024
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[–] [email protected] 19 points 3 months ago (1 children)

Providing easier access to credit encourages higher prices. It also has a negative effect on the less money-minded person, who then never learns the concept of saving. It also reinforces the “now now now” concept of consumerism.

The only thing my crappy mother actually taught me, through her own credit card debt, was that if I don’t have the cash, I don’t get the thing. Easier said than done, I know.

[–] [email protected] 1 points 3 months ago

I don't disagree with your comment in any way. It's a complex situation, and there are positives and negatives to doing it this way.