1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza

Question

LuckyWell [14K]

2 years ago

15

1. What's the main reason our culture has normalized credit cards over the past 60 years? What can we do to change the normaliza

tion of debt in the future?

Business

1 answer:

Alexandra [31] · Answer 1 · 2023-03-14T12:07:45+03:00

Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.

These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.

Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.

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