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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Broken_Clock who wrote (36190)4/26/1999 9:10:00 AM
From: Freedom Fighter  Read Replies (1) of 86076
 
PK

>>'More than one-third of the entire population is immediately at risk of insolvency if almost anything financially negative happens to them,' >>

I've been worried about the consumer debt numbers for about 2 years.

What I wonder is if there is any truth to the claim that many people are using credit cards for more things than in the past (groceries, gasoline etc..) but paying in full when the bill comes. In other words, they have the cash balance available but carry larger credit card balances for convenience and pay no interest on the debt.

This may at least explain part of it even though no doubt consumers are extended. WC
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