people with money are almost always not just paying for stuff. People with money are generally good credit risks, meaning they have access to preferred credit rates. If I can finance a payment, whether its a house, a car, or a trip, and keep my liquid assets available for investment and better ROI's it would be insane to just pay for stuff.
…they know how to deal with unreasonable swine demands in Florida
People with money let other people’s money work for them when advantageous
He may end up at Flame Tree or Polite Pig…they know how to deal with unreasonable swine demands in Florida
…as a “message” to Pluto and the chipmunks
Almost any data point based upon an average of all American consumers is almost meaningless. You are averaging out and comparing 18-22 year olds in college or just graduating HS, to 30 something out of college with kids and mortgages, to 75yr old retirees with paid off homes and fixed incomes. The study had the data broken down by age range, which is a little more helpful.
No but people with real money that are using a LoC against equity in other areas are using it almost exclusive for average purchases, vacations, cars, houses, ect.
In that scenario they use it as an alternative to “Cash on hand”….which means it’s paid off almost immediately. Not really in the credit cycle in this sense
I purposely used a much higher number to illustrate that even with the worst rates out there, paying something off in six months does not add a significant amount to the total.
Wasn’t there one of those in the nittany mall in Bellefonte?
Yes. However, I only went to the Nittany Mall for my meth purchases.Wasn’t there one of those in the nittany mall in Bellefonte?
True, but every time I look around the upstate I am surprised by how much housing costs have increased.
Woah there kid…I was in a much simpler time where we would just looking to find someone old enough to buy us cases of Beast
Wait….there’s an “upstate”?
In SC? Yep. West side near the mountains.
Those pesky opportunity costs.
…ummmm ok
Looking at the finer print, seems it’s actually only 307 responders who went into debt visiting Disney.National credit card data doesn’t agree with 2,000 Disney responders who probably do intend to pay it off, but won’t. Everyone “says” they’ll pay it off. If they did, we would not have $1.1T in credit card debt in America.
“Would take” is not reality.
Or are you trying to argue Americans handle credit cards well?
Pretty much how surveys/polls go
