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The Credit Card Economy Comes Home to Roost
The credit card industry has extended $5 trillion in available credit.” So far, only $800 billion is currently owed. But, as more and more people look to credit cards as a way to coping in tough times, “easy credit” is becoming a thing of the past. What happens when an industry that extends “easy credit” in good times has to contract?
By Warren Olney • • 1 min readThe credit card industry has extended $5 trillion in available credit.” So far, only $800 billion is currently owed. But, as more and more people look to credit cards as a way to coping in tough times, “easy credit” is becoming a thing of the past. What happens when an industry that extends “easy credit” in good times has to contract? Is anyone looking out for consumers?
The full episode
1 of 3
Another Budget Shortfall Impacts Politics and Schools- 1:19The Credit Card Economy Comes Home to RoostYou’re reading this
- 27:24Another Budget Shortfall Impacts Politics and Schools
- 47:31USC, UCLA and CSUN All Headed to NCAA Tourney
The full episode
1 of 3Another Budget Shortfall Impacts Politics and Schools- 1:19The Credit Card Economy Comes Home to RoostYou’re reading this
- 27:24Another Budget Shortfall Impacts Politics and Schools
- 47:31USC, UCLA and CSUN All Headed to NCAA Tourney