Greater LA
The downside of going plastic: racking up debt
As more businesses become cashless and paperless, consumers are increasingly relying on credit and debit cards. Americans are swimming in credit card debt.
By Steve Chiotakis • • 1 min readAs more businesses become cashless and paperless, consumers are increasingly relying on credit and debit cards. Americans are swimming in credit card debt. One personal finance expert says there are two types of credit card users: those who pay off their balances each month and people who don't. For the 50% of households that can’t pay off balances monthly, they end up accumulating more debt.
The full episode
2 of 3
More LA restaurants go cashless- 0:00Why LA restaurants aren't accepting cash payments
- 5:56The downside of going plastic: racking up debtYou’re reading this
- 17:22LA Times: more content, not more subscriptions
The full episode
2 of 3More LA restaurants go cashless- 0:00Why LA restaurants aren't accepting cash payments
- 5:56The downside of going plastic: racking up debtYou’re reading this
- 17:22LA Times: more content, not more subscriptions