As "YOLO spenders" have financed more and more spending with debt, Rosenberg said the consumer credit default cycle has already arrived.
  • Pyr_Pressure@lemmy.ca
    1·
    9 months ago

    I wonder if it would be best to implement some sort of rule where if someone has more than $1000 building up interest on a card they can’t use the card anymore until it’s been paid off in full. Or if that would just funnel people to predatory lenders and loan sharks.