4 ms·
I somewhat agree with what you said, but I think you sidestepped the intriguing question of why so many people in US seem to use credit.
by dmos62 6y ago
I somewhat agree with what you said, but I think you sidestepped the intriguing question of why so many people in US seem to use credit.
- leetcrew 6y agotime value of money and capital gains tax make it less efficient to pay cash for large purchases. why don't people in the rest of the world use credit?
- xwdv 6y agoMoney now is worth more than money later, why is that a hard concept to understand?
- dmos62 6y agoFor one, I've never felt that way. If I were a business, that might be different.
- unityByFreedom 6y agoI don't think I sidestepped it. People use credit to better themselves because they can. Maybe you are asking why more capital is available to lend and I think that's a good question.