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Credit Cards and a Health Economy
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(5 pp) Credit cards are not harmful to the growth
of a healthy economy. According to Mike Walden, a
North Carolina State University economist and expert
on consumer debt, "High consumer debt is common
when the economy is healthy. It isn't necessarily
a bad sign, either, because credit purchases help
create jobs. If everyone suddenly stopped using
credit cards, they'd make far fewer purchases,
manufacturing companies would have far fewer orders
to fill, and the end result would be massive layoffs.
Bibliography lists 4 sources.
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Pages:
5
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Filename:D0_BBcrdtcd.doc |
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Paper Title:
Credit Cards and a Health Economy
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