Many people today use credit cards and charge accounts to buy on credit. Is this practice as dangerous now as it was in 1929? Wh

Question

gulaghasi [49]

2 years ago

10

Many people today use credit cards and charge accounts to buy on credit. Is this practice as dangerous now as it was in 1929? Wh

y or why not? Please provide 3 sentences.

History

1 answer:

Jobisdone [24] · Answer 1 · 2022-04-30T10:52:32+03:00

Jobisdone [24]2 years ago

5 0

Answer:

Yes, the use of credit is still as dangerous now as it was in the 1920s. This is due to the average U.S. household carrying $15,762 in credit card debt alone.